Grayscale's Assets Under Management Crossed $50 B

by in Cryptocurrency News

Grayscale AUM $50 B

Leading cryptocurrency asset manager Grayscale announced that the sum of its entire AUM surged to $50.6 B.

Related: Ether is close to $2500

This is an unprecedented case of any digital asset manager's total AUM surpassing $50 B.

The major part around $41 billion comes from Bitcoin trust. This is connected with Bitcoin's new record high of $64,500 reached on April 14.

Next comes Ethereum trust. Grayscale holds over 3 million ETH worth about $7.4 billion. The price of the units reached a new all-time high of $2489.

Established in 2013, Grayscale now presents 13 cryptocurrency investment trusts. They are BTC, Ether, Litecoin (LTC), Ethereum Classic (ETC), Bitcoin Cash (BCH), Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Stellar (XLM, Zcash (ZEC), Filecoin (FIL), Horizen (ZEN), and Livepeer (LPT).

On April 5, Grayscale filed for changing its BTC investment trust into an ETF. The firm mentioned that the final goal of investment products is becoming ETF.