- Grayscale assets under management reaches an all-time high of $3.8 billion.
- Bitcoin trust accounts for 89% of total AUM.
- Investors continue to pay a premium for Grayscale’s Ethereum Trust.
Grayscale, one of the largest digital asset funds, now has $3.8 billion in assets under management. The digital assets management fund offers investors a variety of digital asset trusts, some of which include Bitcoin, Ethereum, and Ripple. Grayscale has been hitting new highs in 2020 as institutional investment in the crypto space surges.
Digital asset trusts allow investors to invest in digital assets without having to buy and securely store digital assets. Among the different trusts offered, the Bitcoin and Ethereum Trusts are the largest. The Bitcoin Trust accounts for over $3.3 billion of the total AUM, equating to 89%. The Ethereum trust on the other hand, only accounts for $287 million of the total AUM, equating to 7.5%.
Institutional Investment Surges
Founded in 2013, the digital assets fund has seen a surge in investments in 2020 as institutional interest in the crypto space grows. Just six months ago, the fund held $1.9 billion in assets under management. Six months later the total AUM is $3.8 billion signifying a 100% increase within the short six-month time frame.
The Bitcoin Trust has been Grayscale’s most popular trust by AUM. According to the December 18th report, the Bitcoin Trust held over $1.7 billion equating to over 90% of the total AUM. While this distribution remains relatively the same today, the Bitcoin Trust AUM has grown by 91% during this six-month period.
The Ethereum Trust has also seen a surge of interest in 2020. In December 2019, the Ethereum Trust accounted for about 3.5% of the total AUM and has since more than doubled to about 7.5%. This growth is evident as the Etheruem Trust AUM has increased by 225 million, a 287% increase.
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