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Grayscale Now Has $13B in Crypto Assets Under Management

Grayscale Managing Director Michael Sonnenshein
(CoinDesk archives)

Grayscale Now Has $13B in Crypto Assets Under Management

Digital asset manager Grayscale Investments has passed another milestone, reaching $13 billion in assets under management on Dec. 14 for the first time.

  • Data tweeted by the firm showed that the largest holdings remain in bitcoin, with the Grayscale Bitcoin Trust having $10.82 billion in the top crypto asset. The firm’s Ethereum Trust now has $1.72 billion in AUM.
  • Grayscale also has trusts for litecoin ($74.8 million), bitcoin cash ($58.6 million), ethereum classic ($74.3) and others with less significant holdings including XRP, Stellar lumens and zcash.
https://twitter.com/Grayscale/status/1338607001723670529?s=20
Source: Grayscale
  • The Ethereum Trust recently added another 131,455 ether which was valued at $74 million on Dec. 10, according to an SEC filing.
  • Michael Sonnenshein, managing director at Grayscale Investments, told Bloomberg in a recent interview, “Over the course of 2020 we are seeing a new group of investors who are Ethereum first and in some cases Ethereum only. There’s a growing conviction around Ethereum as an asset class.”
  • New York-based Grayscale is owned by Digital Currency Group, which is also the parent company of CoinDesk.
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