Grayscale assets under management exceed $45 billion

Total assets under management across Grayscale Investments’ 14 funds in Bitcoin, Ethereum and other cryptocurrencies reached $45.4 billion.

03/18/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.

Total AUM: $45.4 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $ZEC $BAT $LINK $MANA $FIL $LPT pic.twitter.com/wt18wfESzm

— Grayscale (@Grayscale) March 18, 2021

The most popular among investors is the Bitcoin-based Grayscale Bitcoin Trust (GBTC). According to the latest data, it attracted $38.4 billion.

According to Bitcoin Treasuries, GBTC accounts for 3.1% of the maximum Bitcoin supply (21 million BTC).

The Grayscale Ethereum Trust, the second-largest by assets, attracted $5.7 billion.

The latest data also include statistics for funds launched on the basis of Basic Attention, Chainlink, Decentraland and Livepeer. The company filed in December 2020 for their registration. For a Filecoin (FIL) based investment product, the firm made a similar request in October.

In January 2021 the company filed applications to register trusts based on Aave, Polkadot, Cosmos, Monero, EOS and Cardano. In February added to potential products a fund for investing in the DeFi token yEarn.Finance.

Earlier, Grayscale liquidated a trust based on Ripple’s XRP token from Ripple. The decision was influenced by the lawsuit brought by the U.S. Securities and Exchange Commission against the California fintech company.

In March, Grayscale Investments temporarily closed deposits in GBTC. As of writing, such an opportunity for investors remains unavailable.

Grayscale Bitcoin Trust shares continue to trade at a discount to net asset value (NAV). Among the reasons for the situation since February 23, Arcane Research analysts cited the emergence of similar products.

In February, the crypto lending platform BlockFi launched a competitor to Grayscale Investments’ Bitcoin Trust.

In January, venture firm Pantera Capital announced the launch of a fund based on the first cryptocurrency.

Earlier, the investment firm SkyBridge Capital launched a Bitcoin fund with $310 million in assets.

In February, the Ontario Securities Commission granted approvals to launch Bitcoin ETFs by Purpose Investments and Evolve Funds Group. In March the Canadian regulator approved the launch CI Galaxy Bitcoin ETF from CI Global Asset Management (CI GAM) and Galaxy Digital of Mike Novogratz

The first such exchange-traded fund in North America attracted $421 million within two days of trading.

Grayscale Investments, the asset manager, opened nine vacancies mentioning the exchange-traded fund.

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