Grayscale Holds $43B in Crypto Assets Under Management, Down From $60.9 in Early November

Grayscale Holds $43B in Crypto Assets Under Management, Down From $60.9 in Early November

Grayscale Investments has $43.6 billion in crypto assets under management (AUM), the digital asset manager tweeted on Friday – a more than 28% decline from the $61 billion the digital asset manager held in early November.

  • AUM in the Grayscale Bitcoin Trust, the firm’s largest holding, has decreased from $43.5 billion to $30.4 billion, a 30% decline during this time. The AUM of its second biggest holding, the Grayscale Ethereum Trust declined from almost $15 billion to $11.6 billion, a 22% drop.
  • These decreases come as bitcoin and other crypto prices have fallen in recent weeks. But the total AUM also represents a roughly 170% increase over its $16.4 billion in holdings a year ago, reflecting a growing interest in cryptocurrency.
  • Grayscale’s portfolio compared to a year ago is wider-ranging with the addition of multiple trust offerings earlier this year, including Chainlink’s link token, Brave Browser’s brave token and MANA, the money for virtual world Decentraland.
  • New York-based Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.
  • AUM in the Grayscale Bitcoin Trust, the firm’s largest holding, has decreased from $43.5 billion to $30.4 billion, a 30% decline during this time. The AUM of its second biggest holding, the Grayscale Ethereum Trust declined from almost $15 billion to $11.6 billion, a 22% drop.

    These decreases come as bitcoin and other crypto prices have fallen in recent weeks. But the total AUM also represents a roughly 170% increase over its $16.4 billion in holdings a year ago, reflecting a growing interest in cryptocurrency.

    Grayscale’s portfolio compared to a year ago is wider-ranging with the addition of multiple trust offerings earlier this year, including Chainlink’s link token, Brave Browser’s brave token and MANA, the money for virtual world Decentraland.

    New York-based Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.

    Source

    Subscribe to get our top stories