Grayscale’s Total Assets Under Management Hits $60B PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Activele totale gestionate ale Grayscale atinge 60 miliarde USD

Marca temporală: 11 noiembrie 2021, ora 7:03
  • The flagship Grayscale Bitcoin Trust (GBTC) now has $43.5 billion in AUM
  • The GLD ETF has assets under management of roughly $57 billion

Digital Currency Group’s Grayscale Investments announced Wednesday that the firm’s total assets under management exceeded $60 billion for the first time, eclipsing the AUM for the world’s largest gold ETF, the SPDR Gold Shares, which had $57.3 billion începând cu 9 noiembrie.

DCG founder and CEO Barry Silbert a împărtășit știrile pe Twitter:

While Grayscale maintains positions in dozens of assets across its 15 funds, over 97% are concentrated in just two funds: The Bitcoin Trust (GBTC) at 72% and the Ethereum Trust (ETHE) at 25%. The firm planuri de a converti GBTC into a spot ETF, although the SEC has yet to greenlight any spot bitcoin ETFs to date. 

In the wake of bitcoin futures ETF launches by ProShares și Valkyrie, Cu mai mult pe drum, Grayscale is also seeking to launch an equity ETF to provide digital asset exposure through conventional shares of publicly traded companies.

CEO-ul în tonuri de gri, Michael Sonnenshein a declarat CNN that GBTC holds greater than 3% of all bitcoins in existence, and is confident that a conversion to an ETF will be approved:

“When we do see that approval — because it will be a when not and if — we do think it will draw in more investors and more capital into the ecosystem.”

Digital Currency Group maintains a vast portfolio of web3 companies, and recent crescut a $700 million investment round, valuing the enterprise at $10 billion.

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  • Grayscale’s Total Assets Under Management Hits $60B PlatoBlockchain Data Intelligence. Vertical Search. Ai.
    Macauley Peterson

    Macauley has been an editor and content creator in the professional chess world for 14 years. In 2020 he graduated from Bucerius Law School (Hamburg, Germany) with a Master in Law and Business, where he researched stablecoins, decentralized finance and central bank digital currencies. He also holds an MA in Film Studies and his film credits include Associate Producer of the 2016 feature documentary, “Magnus” about World Chess Champion Magnus Carlsen.

Source: https://blockworks.co/grayscales-total-assets-under-management-hits-60b/

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