Grayscale Assets Under Management Continues To Grow Past $4 Billion
Quick Take
- Grayscale has $4.2 billion in assets under management, as institutional interest in the space grows.
- Grayscale sees a “record fundraising day today,” according to Grayscale CEO Barry Silbert.
Grayscale Investments assets under management (AUM) continues to grow as assets under management reach $4.2 billion. Assets under management have surged in 2020, up nearly $2 billion from January 13th’s AUM of $2.3 billion.
Grayscale’s Bitcoin and Ethereum Trust make up the largest percentage of the total assets under management. The Bitcoin Trust currently has an AUM of just over $3.6 billion while the Ethereum Trust is growing substantially with a current AUM of just over $390 million.
Through Grayscale’s Trusts, investors can gain exposure to digital assets without having to go through the hassle of buying and storing digital assets securely.
Additionally, Barry Silbert, CEO at Grayscale, noted that the firm saw a “record fundraising day today.” Silbert’s comment provides additional evidence of the growing institutional sentiment in the space.
Institutional Interest On The Rise
As Grayscale assets under management continue to grow, institutional sentiment in the space seems to be on the rise. As reported by The Crypto Associate, on a recent Coinscrum podcast Ray Sharif-Askary (Director of Investor Relations at Grayscale) talked about the recent increase in demand, as well as the type of customers who buy Grayscale products.
Sharif-Askary noted that approximately 90% of Grayscale’s investment inflows have been through institutional customers, of which hedge funds comprise a large segment. Interestingly enough, Sharif-Askary pointed out that crypto hedge funds were only a small part of the hedge funds, with traditional hedge funds accounting for a large portion of the hedge funds gravitating towards Grayscale’s products.
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