- Grayscale assets under management reaches an all-time high of $3.7 billion.
- Bitcoin Trust accounts for 89% of all assets under management.
- Investors are paying a premium to invest in Ethereum through Grayscale
Grayscale is one of the largest digital asset funds. The firm offers investors a variety of different digital assets to choose from, including large cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Furthermore, as Bitcoin outperforms gold, interest in digital assets continues to rise.
Founded in 2013, the firm has begun to gain traction at a rapid pace. According to CEO Barry Silbert, Grayscale now has $3.7 billion in net assets under management (AUM). Grayscale’s trusts allow investors to invest in digital assets without the hassle of storing and purchasing digital assets directly.
Grayscale’s Bitcoin Trust is the most popular by far, accounting for over 89% of all the assets under management. The Grayscale Bitcoin Trust (GBTC) has performed well, following Bitcoin’s March crash. As of closing on Friday, May 8th, the market price per share was $11.45. The holdings per share were $9.55.
Grayscale’s Ethereum Trust is the second-largest trust by Grayscale’s AUM. The Ethereum Trust accounts for 7.5% of the total assets under management. What’s more interesting is that investors are paying a significant premium on the Ethereum Trust. The current holdings per share are $20.01 while the current price of a share is $108.00 (as of closing May 8th). However, this is good news for crypto as institutional investors are willing to pay huge premiums to dip into digital assets with minimal effort.
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