Grayscale's crypto funds cross $10 billion in total AUM

Cryptocurrency • November 18, 2020, 3:05AM EST
UPDATED: November 18, 2020, 3:11AM EST
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Crypto asset manager Grayscale is now managing more than $10 billion worth of assets across its funds.

The total assets under management (AUM) of Grayscale currently stands at around $10.4 billion. The firm's bitcoin (BTC) product, Grayscale Bitcoin Trust (GBTC), remains the most popular. It has more than 80% share of the total AUM at about $8.85 billion.

In terms of bitcoin units, GBTC holds a massive quantity of around 480,900 BTC, according to The Block Research. 

Grayscale Ethereum Trust (ETHE) follows GBTC, having a total AUM of approximately $1.2 billion. Grayscale's other crypto funds have a smaller AUM, in the range of $1.5 million to $145 million.

Grayscale was founded in 2013 and has grown in popularity, especially in recent months. Less than a year ago, in December 2019, the firm's total AUM was just around $1 billion.

Grayscale's funds allow investors to take indirect exposure to crypto assets, in the form of security, while avoiding the challenges of buying and storing them directly.

AUTHOR

Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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