Grayscale Investments has actually exceeded $10 billion in cryptocurrency properties under management. About $8.85 billion are held in the Grayscale Bitcoin Trust, which now holds more than 500,000 bitcoins.
Over $10 Billion Under Management
Grayscale Investments revealed Tuesday that it has actually exceeded a significant turning point in cryptocurrency properties under management (AUM), which the overall now stands at $10.4 billion. The business provides 10 cryptocurrency items, all of which are single-asset trusts other than the Digital Large Cap Fund.
Most of the funds are held in the Grayscale Bitcoin Trust (GBTC), which presently has $8.85 billion in properties under management, followed by the Ethereum Trust with $1.22 billion, and the Digital Large Cap Fund with $146.7 million. In addition, the business announced Monday that the Grayscale Bitcoin Trust now holds more than 500,000 BTC.
In the 3rd quarter, Grayscale had record-breaking capital inflows amounting to $1.05 billion, about 81% of which originated from institutional financiers, mostly hedge funds. The business even more exposed that its Bitcoin Cash, Litecoin, and Digital Large Cap items all saw over 10x development in inflows compared to the previous quarter.
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