Grayscale Continues To Grow This Year With Its Total AUM Hitting New Highs
Grayscale Continues To Grow This Year With Its Total AUM Hitting New Highs
May 21, 2020
Grayscale Continues To Grow This Year With Its Total AUM Hitting New Highs
Grayscale Continues To Grow This Year With Its Total AUM Hitting New Highs
May 21, 2020

Grayscale, a major digital asset management fund, has continued to grow this year, with its total assets under management (AUM) hitting new highs.   

On May 19, it has been reported that Grayscale’s total AUM hit $3.8 billion by surging over 80% from $2.1 billion in May 2019.

However, Grayscale’s Bitcoin (BTC) trust has continued to lead other cryptocurrencies in the fund, accounting for $3.36 billion, or 89% of the firm’s total AUM, as the value of Grayscale’s Bitcoin investment trust surged 76% from last year’s $1.9 billion.

At the same time, Grayscale’s Bitcoin trust’s share saw a small drop, slipping from 94% in May 2019.

It has been analyzed that the massive value spike of Grayscale’s Bitcoin trust comes amidst a significant increase in BTC price year-on-year. As of press time, Bitcoin trades at $9,745, up around 30% from $7,600 one year ago. 

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The data said that Grayscale Ethereum (ETH) Trust is now the second-largest trust among the total 10 trusts in the fund. Grayscale ETH trust accounts for $289 million and is followed by Grayscale Ethereum Classic (ETC) Trust, which holds $73 million.

As per the report, Grayscale became the first digital asset trust that started reporting to the SEC in January 2020.

In April 2020, Grayscale reported that the firm was holding about 1.7% of all of Bitcoin’s supply in its Grayscale Bitcoin Trust.

Thus, at the time, the firm also said that it saw its biggest quarter ever even if the economic crisis fueled by the COVID-19 pandemic.


About Grayscale

Grayscale is a major global crypto investment fund created in 2013 by Digital Currency Group. The fund is regulated by global authorities like the United States Financial Industry Regulatory Authority and Securities Exchange Commission (SEC). If you want to know more in detail, click here.

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Source: Cointelegraph | Image: Forbes


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.