Grayscale-managed crypto assets rise 430% in 11 months

Arcane Research analyst Vetle Lunde assessed a 430% rise in assets under management at Grayscale Investments from January 13 to December 12 (from $2.3 billion to $12.1 billion).

What a year 2020 has been for @Grayscale.

Grayscale’s AuM has increased from $2.3 billion (Jan 13th) to $12.1 billion (Dec 12th). That’s a growth in AuM of 430% in 11 months.

Chapeau @BarrySilbert! pic.twitter.com/3s9Cu94jg1

— Vetle Lunde (@VetleLunde) December 14, 2020

Under the Grayscale Bitcoin Trust (GBTC) sits 544,000 BTC — almost 3% of Bitcoin’s circulating supply. In mid‑January the figure stood at 261,000 BTC.

The @Grayscale Bitcoin Trust has attracted new investors throughout the year, leading to a doubling of Grayscale’s BTC holdings from approx. 261k BTC in January to 544k BTC by Dec 12th.

The holdings of GBTC is just below 3% of the total circulating BTC supply. pic.twitter.com/3y00yMYzEk

— Vetle Lunde (@VetleLunde) December 14, 2020

The Ethereum Trust’s share of the supply of the second-largest cryptocurrency by market capitalisation reached 2.5%. According to Lunde, the growth of this instrument is even more impressive — during the period ETH held by the company rose from 497,000 to 2.875 million.

The growth of the @Grayscale Ethereum Trust has been even more impressive.

In January, the ether holdings of the trust sat below 0.5m ETH. Now the holdings of the trust are approaching 3m ETH.

The holdings of ETHE sits at 2.5% of the total circulating ETH supply. pic.twitter.com/wUrXVvjOx9

— Vetle Lunde (@VetleLunde) December 14, 2020

As of December 14, Grayscale’s assets under management stood at $13 billion. GBTC accounts for $10.8 billion, about 83% of the total, with ETHE at $1.72 billion (13.6%).

12/14/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.

Total AUM: $13.0 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/3KCMu0z8Dy

— Grayscale (@Grayscale) December 14, 2020

The company continues to use the slogan #DropGold, urging investors to abandon gold as a store of value in favour of Bitcoin.

As reported earlier, the August-launched advertising campaign exploits the ‘Money printer go BRRR’ meme, hinting at the Fed’s printing presses amid the COVID-19 crisis.

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