Assets under management in Grayscale Investments’ cryptocurrency funds reached $5.1 billion. In the last 11 days, inflows totaled $1 billion.
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07/28/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
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Total AUM: $5.1 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/x1gkDYuUZ3
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— Grayscale (@GrayscaleInvest) July 28, 2020
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Since the previous update 11 days ago, inflows into the Bitcoin Trust totaled $782 million, into the Ethereum Trust $174 million, and into ETC- and LTC-based trusts $12.7 million and $6.7 million respectively.
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Of the total, $4.31 billion is attributable to GBTC, the company’s flagship Bitcoin Trust. The rise is more likely explained by cryptocurrency being deposited in exchange for fund shares.
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Earlier, Messari analyst Ryan Watkins concluded that Grayscale purchased only 31% of the bitcoins mined since the halving.
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The assets in the Grayscale Ethereum Trust total $581.7 million, or 11% of the total. $80.4 million are held in the Grayscale Ethereum Classic Trust.
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Small sums of the company’s clients are invested in Horizen (ZEN)-based trusts, XRP, ZCash (ZEC), Stellar Lumens (XLM), and in the recently added Bitcoin Cash (BCH) and Litecoin (LTC) funds.
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As noted, the $1.1 billion rise at Grayscale Investments surpassed the quarterly record inflow of $905.8 million in Q2.
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