New York-based cryptocurrency investment funds manager Grayscale Investments divulged that its AUM across all of the trusts it manages now holds a value of $46.1 billion — just a tad bit shy of the $50-billion-milestone.
Grayscale’s tweet revealed data on 14 trusts it manages, the investment products of which span across a number of cryptocurrency assets, including Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Etherium (ETH), and Stellar Lumens (XLM).
04/09/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
Total AUM: $46.1 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $ZEC $BAT $LINK $MANA $FIL $LPT pic.twitter.com/8RMLseCeQQ
— Grayscale (@Grayscale) April 9, 2021
Closing in on a marquee moment in crypto
The company’s Grayscale Bitcoin Trust at $55 holdings per share makes up 82 percent or roughly $38 billion of the $46.1 billion in AUM. Next to it is the Grayscale Ethereum Trust with 14.26 percent or $6.6 billion.
Other AUMs are spread across multiple cryptocurrency assets that include Decentraland (MANA), Livepeer (LPT), Basic Attention Token ($BAT), and Zcash (ZEC) in addition to the ones mentioned above.
This recent development has been foreshadowed by Grayscale’s public releases during the past year. In August 2020, Grayscale Investments announced its SEC filing for Grayscale Etherium Trust, an Ethereum-based investment product.
Added a cool $300 million in AUM in one day https://t.co/G2lKu6QqxI
— Barry Silbert (@BarrySilbert) October 22, 2020
$300 million in a single day
The following month, in October 2020, Grayscale CEO Gary Silbert announced that the firm added $300 million to its AUM in one day. This comes after the company’s announcement that the SEC filing for Grayscale Etherium Trust had become effective.
Grayscale currently has 14 cryptocurrency investment products under its portfolio. The company offers its investment products to willing clients, allowing them exposure to the crypto market, which is known for its volatility while mitigating risks.
Grayscale Investments was founded in 2013 with a crypto-centered portfolio and currently functions as a subsidiary of Digital Currency Group. Coinbase Custody has served as the custodian of Grayscale since August 2019.
Image courtesy of Roger Brown/Pexels
Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinerx.com/blockchain/grayscale-investments-announces-nearly-50-billion-in-assets-under-management/
