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.