Skip to content

Real Cryptocurrency Hub

Crypto Comeback Pro is an auto trading platform that allows you to invest in the crypto market and start making money right away. Sign Up HERE

  • Home
  • Start Trading
  • English
    • English
    • Español
    • Italiano
    • Polski
    • Svenska
    • Deutsch
  • News
  • Mining
  • ATM
  • Bitcoin (BTC)
  • Guides
  • How To’s
  • Exchange/Wallet
  • Brokers
  • Bitcoin Price Prediction
  • Home
  • Bitcoin (BTC)
  • A Significant Milestone For Grayscale As Its AUM Surpasses $50 Billion
  • Altcoins
  • Bitcoin (BTC)
  • Crypto Marketplace
  • Crypto News
  • Crypto Token
  • ETF

A Significant Milestone For Grayscale As Its AUM Surpasses $50 Billion

Patrik Verhoek April 15, 2021 2 min read

Grayscale’s market value has surpassed that of $50 billion lately. This amount is the same as the world’s second-biggest commodity ETF (Exchange Traded Fund).

Grayscale is a major U.S wealth manager that has recently reached a whopping $50 billion in cryptocurrency funds under administration for the very first time. As we speak, Grayscale’s AUM is fast approaching the $57 billion holdings mark of the biggest asset ETF.

ETF conversion will take place as regulations permit

As regulations permit, the corporation intends to turn into an ETF. This is also tactical as governments all over the world have been implementing various strict regulations when it does come to cryptocurrency, especially now that the popularity of the industry is at an all-time high.

Grayscale would be the second-largest asset ETF at this very moment if it had already been authorized, behind only SPDR Gold Shares. GLD is a gold-backed ETF that trades on stock markets in Mexico, Hong Kong, Singapore, the United States, and Japan.

Grayscale CEO Michael Sonnenshein had tweeted that the Grayscale Bitcoin Fund, more commonly referred to as GBTC, is on track to outperform the GLD fund in terms of market capitalization in the coming months.

Grayscale trading with multiple cryptocurrencies

Grayscale additionally offers institutional investors blockchain exposure and currently owns roughly 660K BTC overall, representing 3.5% of Bitcoin’s 18.7 million circulating supply. Grayscale’s Bitcoin Trust holds almost 655K of these.

Grayscale does not only trade with Bitcoin as almost 20% of the company’s AUM is distributed around a dozen other cryptocurrencies, such as Ethereum ($7.4 billion), Litecoin ($405 million), Ethereum Classic ($267 million), as well as Bitcoin Cash ($234 million). Furthermore, five new trusts were also formed within the previous month, those being Decentraland’s MANA ($18.6 million), Basic Attention Token ($4.8 million), Filecoin ($7.7 million), Livepeer ($13 million), and Chainlink ($4.5 million).

The company is now the biggest digital asset holder in the United States by a wide margin, with Pantera, the second-biggest manager, having just $4.3 billion, which is less than 1/10th of Grayscale’s $50 billion.

This week, the asset manager had also announced a collaboration with TIME Magazine for the purpose of creating a series of various educational films about cryptocurrency. The magazine has even decided to accept Bitcoin as payment for its services and will also be officially listing the cryptocurrency on its balance sheet for the very first time in its history.

Post Views: 535

Continue Reading

Previous: ARK Purchases $245 Million Worth Of Coinbase Stock As It Goes Public
Next: Bitcoin Regulations are Inevitable, Says US Congressman

Related Stories

FTX Token Experienced an 11.72% Dip and May Plunge to $17.81, Price Analysis
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

FTX Token Experienced an 11.72% Dip and May Plunge to $17.81, Price Analysis

May 16, 2022
Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis
  • Terra (LUNA)

Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis

May 15, 2022
ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend

May 14, 2022

Read our disclaimer

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$30,429.00
1.49%
ethereum
Ethereum (ETH)
$2,077.93
1.53%
tether
Tether (USDT)
$1.00
-0.07%
usd-coin
USD Coin (USDC)
$1.00
-0.04%
binancecoin
BNB (BNB)
$305.77
2.74%
ripple
XRP (XRP)
$0.435661
4.01%
cardano
Cardano (ADA)
$0.58
2.72%
polkadot
Polkadot (DOT)
$11.14
1.77%
dogecoin
Dogecoin (DOGE)
$0.090585
2.46%
Uniswap
Uniswap (UNI)
$5.29
3.55%

Recent Posts

  • FTX Token Experienced an 11.72% Dip and May Plunge to $17.81, Price Analysis

    FTX Token Experienced an 11.72% Dip and May Plunge to $17.81, Price Analysis

    It’s been almost a month since FTX Token is being dragged by the bears. On April 17, the
  • Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis

    Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis

    At the time of writing, the buyers are trying to defend a low trading price of Terra (LUNA)
  • ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend

    ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend

    If you are into the meme coins then it goes without saying that you are well aware of
  • Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)

    Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)

    Time to go through the price analysis of extraDNA, Maneki-neko, and Gleec. The reason behind their price analysis
  • Price Analysis of Gera Coin (GERA) and CouponBay (CUP)

    Price Analysis of Gera Coin (GERA) and CouponBay (CUP)

    Gera Coin and CouponBay have reportedly experienced huge rallies in the past 24-hours. Both Gera Coin and CouponBay

Start Trading

Categories

Top Posts

  • Online Petition Moved in South Korean Seeking Removal of FSC’s Chairman

    Online Petition Moved in South Korean Seeking Removal of FSC’s Chairman

    There is definite trauma going on towards the South Korean crypto industry by the Government. Not pleased with
  • Steve Wozniak Doesn’t Believe Governments Will Keep on Ignoring Crypto Inevitably

    Steve Wozniak Doesn’t Believe Governments Will Keep on Ignoring Crypto Inevitably

    Bitcoin to Steve Wozniak i.e. the co-founder of Apple Inc. is a phenomenon born purely out of mathematical
  • NCapital Group Review – An Overview of The Overall Trading Experience With the Broker

    NCapital Group Review – An Overview of The Overall Trading Experience With the Broker

    NCapital Group Review Do you think NCapital Group is the crypto broker that you have been looking for?
  • The Bearish Trend of Cryptocurrencies is making a Case for a Large Scale Adoption

    The Bearish Trend of Cryptocurrencies is making a Case for a Large Scale Adoption

    Cryptocurrencies made a lot of people a lot of money this year. During the pandemic, the gold and
  • Research Suggests Crypto Literacy has Increased Significantly over the Years

    Research Suggests Crypto Literacy has Increased Significantly over the Years

    When the first crypto option became available, people generally did not know about it. In most cases, they

Archives

You may have missed

FTX Token Experienced an 11.72% Dip and May Plunge to $17.81, Price Analysis
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

FTX Token Experienced an 11.72% Dip and May Plunge to $17.81, Price Analysis

May 16, 2022
Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis
  • Terra (LUNA)

Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis

May 15, 2022
ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend

May 14, 2022
Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)

May 13, 2022
  • Kraken
  • OrbitGTM
  • Fxoro
  • BTC-Trends
  • KuCoin
  • Huobi
  • Bitfinex
  • PrimeXBT
  • United Exchange
  • Impressive Area
  • DG Flex
  • Tredexo
  • Sure Exchange
  • CTmatador
  • DXCBIT
  • IBC Exchange
  • CryptoPayIn
  • PrimeHolders
  • CMC Markets
  • XCGIN
  • Globe Exchange
  • XPRTcoin
  • Mainrow
  • Goldvence
  • Gamma Capitals
  • Towards Soure
  • CoinsMarkets
  • Cryptos Circus
  • Easy Crypto4U
Copyright © All rights reserved. | DarkNews by AF themes.
  • bitcoinBitcoin(BTC)$30,429.001.49%
  • ethereumEthereum(ETH)$2,077.931.53%
  • tetherTether(USDT)$1.00-0.07%
  • usd-coinUSD Coin(USDC)$1.00-0.04%
  • binancecoinBNB(BNB)$305.772.74%
  • rippleXRP(XRP)$0.4356614.01%
  • cardanoCardano(ADA)$0.582.72%
  • SolanaSolana(SOL)$56.804.17%
  • polkadotPolkadot(DOT)$11.141.77%
  • dogecoinDogecoin(DOGE)$0.0905852.46%
  • bitcoin-cashBitcoin Cash(BCH)$207.344.29%
  • UniswapUniswap(UNI)$5.293.55%