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

Cryptocurrency • November 18, 2020, 3:05AM EST
UPDATED: November 18, 2020, 3:11AM EST
The Block

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. 

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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.

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.

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