Grayscale Investments’ assets under management exceed $30 billion
Against a backdrop of market growth and the resumption of deposits into the Ethereum Trust, total assets under management (AUM) at Grayscale Investments rose above $30 billion.
02/05/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
Total AUM: $30.4 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $ZEC pic.twitter.com/9dgGV9n28f
— Grayscale (@Grayscale) February 5, 2021
The Bitcoin Trust remains the most popular among investors, with assets of $24.4 billion (80% of AUM). Demand for the Ethereum-based product is also strong at $5 billion (16.4%).
Seven days after deposits resumed in the Grayscale Ethereum Trust, it received 104,990 ETH valued at about $180 million.
BREAKING: After adding 21,112 $ETH over the past 24 hours, Grayscale now have over $5 billion Ether in assets. In just 7 days since re-opening the ETHE Trust, Grayscale added 104,990 $ETH, worth $180 million pic.twitter.com/BcjfeAMD3B
— Bloqport (@Bloqport) February 5, 2021
The overall value of Grayscale Investments’ assets is also significantly influenced by the rise in Bitcoin and Ethereum, which gained 14.4% and 20.5% respectively over the past seven days (according to CoinGecko).
The company noted that institutional investors, including pension funds and endowments, have shown growing interest in digital currencies.
#Pensionfunds and #endowments have shown increased interest in digital currencies. Learn how adoption among this segment could contribute to the growth of the market. #GoGrayscale https://t.co/LB79sKZyLC
— Grayscale (@Grayscale) February 5, 2021
According to Bitcoin Treasuries, the Grayscale Bitcoin Trust holds 649,130 BTC. This is just over 3% of the maximum supply of the first cryptocurrency (21 million BTC).
Earlier in January, Grayscale Investments filed applications to register six new trusts based on Aave, Polkadot, Cosmos, Monero, EOS and Cardano.
Subscribe to ForkLog news on Telegram: ForkLog FEED — all news; ForkLog — the most important news and polls.
Рассылки ForkLog: держите руку на пульсе биткоин-индустрии!