Grayscale Tops $60 Billion, Surpassing World's Largest Gold Fund

Grayscale Tops $60 Billion, Surpassing World's Largest Gold Fund

Cryptocurrency money manager Grayscale now controls $60 billion worth of digital assets, according to the firm's Wednesday update.It has now surpassed SPDR Gold Shares, the biggest and most liquid gold exchange-traded fund in the world, in terms of assets under management.

Grayscale's AUM just topped $60 billion, and they've flippened the world's largest gold fund.SPDR Gold Shares has an AUM of $58.3 billion.Guess the #DropGold campaign worked...— Kevin Rooke (@kerooke) November 11, 2021

Grayscale Bitcoin Trust accounts for 71% of the aforementioned sum with $43.5 billion.The firm's Ethereum fund comes in a distant second place with $14.8 billion.

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