THELOGICALINDIAN - Grayscale Investments has surpassed 10 billion in cryptocurrency assets beneath administration About 885 billion are captivated in the Grayscale Bitcoin Trust which now holds added than 500000 bitcoins
Over $10 Billion Under Management
Grayscale Investments appear Tuesday that it has surpassed a above anniversary in cryptocurrency assets beneath administration (AUM), which the absolute now stands at $10.4 billion. The aggregation offers 10 cryptocurrency products, all of which are single-asset trusts except the Digital Large Cap Fund.
Most of the funds are captivated in the Grayscale Bitcoin Trust (GBTC), which currently has $8.85 billion in assets beneath management, followed by the Ethereum Trust with $1.22 billion, and the Digital Large Cap Fund with $146.7 million. In addition, the aggregation announced Monday that the Grayscale Bitcoin Trust now holds added than 500,000 BTC.
In the third quarter, Grayscale had record-breaking basic inflows accretion $1.05 billion, about 81% of which came from institutional investors, primarily barrier funds. The aggregation added appear that its Bitcoin Cash, Litecoin, and Digital Large Cap articles all saw over 10x advance in inflows compared to the antecedent quarter.
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