The digital asset market saw further declines in 4Q19, albeit amid lower volatility than the previous quarter. While nine out of ten products in the Grayscale family produced negative returns this quarter, Grayscale Horizen Trust was a clear outperformer, posting a return of more than 140% and showing that diversification can still benefit digital asset portfolios.

Below are the top and bottom performers in the Grayscale family of products this past quarter:

Several investment vehicles in the Grayscale family of products have been available for less than three years. Products such as these will develop clearer performance and risk profiles over time (i.e., 5-10 years). Consequently, short-term performance and risk should be gauged within the context of long-term trends. In addition to showing trailing three-month, twelve-month, and year-to- date (“YTD”) performance and risk metrics, we also provide cumulative and annualized figures “since inception”* for each product.

Download the full Performance & Risk Monitor (Q4 2019) below.

* Inception dates are as follows: Grayscale® Bitcoin Trust – September 25, 2013; Grayscale® Ethereum Classic Trust – April 24, 2017; Grayscale® Zcash Trust – October 24, 2017; Grayscale® Ethereum Trust – December 14, 2017; Grayscale® Digital Large Cap Fund – February 1, 2018; Grayscale® Bitcoin Cash Trust, Grayscale® XRP Trust, Grayscale® Litecoin Trust – March 1, 2018; Grayscale® Horizen Trust – August 6, 2018, Grayscale® Stellar Lumens Trust – December 6, 2018.