logo |

News

    Home   >     Industry    >     Main body

    Grayscales Crypto AUM Touches $53 Billion

    Abstract:The firm has $36 billion worth of BTC assets under management.
    crypto-market.jpg

      Grayscales Crypto AUM Touches $53 Billion

      The firm has $36 billion worth of BTC assets under management.

      The crypto market cap remained steady in the last few days as BTC held the price level of $56,000. However, Ethereum stayed above $4,500. According to the latest data released by Grayscale, one of the world‘s largest crypto asset management firms, the total value of the company’s digital AUM reached $52.8 billion yesterday.

      Grayscale has more than $36 billion worth of BTC assets under management. Ethereum is the second-largest holding of the digital asset management firm. In the last few months, Grayscale has expanded its ETH assets significantly amid a surge in demand for the crypto asset.

      In addition to BTC and ETH, Grayscale has Ethereum Classic Trust, Litecoin Trust and Bitcoin Cash Trust. Grayscale expanded its crypto offerings substantially since the start of 2021. Recently, the company introduced Solana (SOL) trust.

      “For the last eight years, Grayscale has been at the forefront of offering investors efficient exposure to the ever-evolving digital currency ecosystem,” said Grayscale CEO Michael Sonnenshein. “We have had a front-row seat to the mainstream acceptance and adoption of crypto, and increasingly find that investors are diversifying their exposure beyond digital assets like Bitcoin and Ethereum. Our family of Grayscale products will continue to expand alongside this exciting asset class, as we remain committed to offering investors opportunities to access the digital economy.”

      Crypto Market in 2021

      The overall market cap of digital assets climbed by more than 250% in 2021. Cryptocurrency assets like Ethereum, Binance Coin, Solana, Dogecoin and Shiba Inu saw sharp gains during the first half of 2021. Despite the reason that Bitcoin fell behind other digital assets in terms of price gains this year, institutional investors preferred BTC over altcoins.

      In 2021, Grayscale saw steady growth in the value of its BTC holdings. The digital asset management firm holds more than 600,000 BTC. Furthermore, the company has almost 3 million ETH under management along with over 12 million Ethereum Classic.

    download

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United States Dollar
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.