The world’s largest cryptocurrency asset manager, Grayscale Investments, saw its value of Assets Under Management (AUM) top $1 Billion yesterday. Price gains across the crypto spectrum saw the value of Grayscale’s bitcoin holdings alone jump to $999.1 Million.


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Grayscale tweeted to announce the milestone, publishing a breakdown of individual products, and a headline value of $1.1 billion. Actually totalling individual quoted product assets yields $1.0609 billion, so perhaps there was also some rounding in play.

“Grayscale’s assets under management grew to over $1 billion today,” noted Bitcoin investor and Grayscale CEO, Barry Silbert.

As seen in the chart, the vast majority (nearly 95%) of the assets lie in the Grayscale Bitcoin Trust. Bitcoinist reported this tendency towards Bitcoin-maximalism earlier this year, and if anything it seems to have increased.

Other than bitcoin, the most significant holdings are in the Ethereum, Ethereum Classic, and Cash trusts, and the Digital…

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Source: https://thebitcoinnews.com/bitcoin-price-boosts-grayscale-digital-asset-fund-to-over-1-billion/