Just two weeks after breaking Bitcoin inflows records, Grayscale again posts new all-time highs.
Share this article
Grayscale, the New York-based investment company, is rapidly approaching the $10 billion Asset Under Management (AUM) mark.
The firm offers accredited investors the ability to invest in share indices, which are backed by cryptoassets. Their most popular product is the Grayscale Bitcoin Trust (GBTC), accounting for more than 80% of the AUM.
Grayscale Meets Bitcoin Demand Head-on
Michael Sonnenshein, the firm’s managing director,stated that the GBTC fund raked in $115 million on Nov. 12 alone. This milestone demonstrates institutional investors’ growing confidence in Bitcoin.
Sonnenshein has alsostated that the Grayscale team has added $262 million in one week, the largest investor inflow in the company’s history. This is an increase of $47 million from theirprevious high.
The firm currently offers institutional-grade investments in Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ethereum Classic, Zcash, XRP, Stellar Lumens, and Horizen. Apart from all these individual products, the team also offers a market-cap-weighted fund called Grayscale Digital Large Cap Fund (GDLC). This fund, at present, comprises Bitcoin, Ethereum, XRP, Bitcoin Cash, and Litecoin.
GBTC itself accounts for $8.23 billion AUM, making it their most popular product. The Grayscale Ethereum Trust (ETHE) places second, with a total AUM of $1.2 billion. GDLC is Grayscale’s third most popular product, with $138 million AUM.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
An excerpt from a financial report from JPMorgan finds that Grayscale’s Bitcoin Trust has seen significantly larger investment flows than the all gold ETFs combined. Grayscale’s #dropgold campaign, which began...
Billionaire Hedge Fund Manager Stan Druckenmiller Buys Bitcoin
Stan Druckenmiller, a billionaire hedge fund investor, has invested in Bitcoin, according to a recent CNBC interview. Druckenmiller endorsed Bitcoin by stating that the cryptocurrency “has a lot of attraction...
Grayscale Bitcoin, Ethereum Funds See Largest Ever Weekly Inflow