Grayscale Investments has surpassed $10 billion in cryptocurrency belongings below administration. About $8.85 billion are held within the Grayscale Bitcoin Belief, which now holds greater than 500,000 bitcoins.
Over $10 Billion Below Administration
Grayscale Investments introduced Tuesday that it has surpassed a serious milestone in cryptocurrency belongings below administration (AUM), which the whole now stands at $10.4 billion. The corporate presents 10 cryptocurrency merchandise, all of that are single-asset trusts besides the Digital Massive Cap Fund.
Many of the funds are held within the Grayscale Bitcoin Belief (GBTC), which at present has $8.85 billion in belongings below administration, adopted by the Ethereum Belief with $1.22 billion, and the Digital Massive Cap Fund with $146.7 million. As well as, the corporate announced Monday that the Grayscale Bitcoin Belief now holds greater than 500,000 BTC.
Within the third quarter, Grayscale had record-breaking capital inflows totaling $1.05 billion, about 81% of which got here from institutional buyers, primarily hedge funds. The corporate additional revealed that its Bitcoin Money, Litecoin, and Digital Massive Cap merchandise all noticed over 10x progress in inflows in comparison with the earlier quarter.
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