Grayscale Investments announced Tuesday that the firm has reached a new all-time high (ATH) in assets under management.
Grayscale mostly specializes in digital currencies, including Bitcoin, Bitcoin Cash, Ethereum, and Ethereum Classic.
The milestone announcement came via the company’s Twitter account and confirmed by managing director Michael Sonnenshein.
The current report indicates that current assets under management total $3.8 billion. Of this total, over $3.3 billion is housed in the company’s flagship fund, the Bitcoin Trust.
Coming in second at $289 million is the Grayscale Ethereum Trust. These figures have been influenced by rising Bitcoin and Ethereum prices after the devastating March declines and completion of Bitcoin’s third halving a week ago.
As these funds grow, the firm continues to hold increasing large percentages of all existing Bitcoin. $3.3 billion in Bitcoin at the current price roughly puts the firm around 346,000 BTC — slightly less than 2% of all BTC in circulation.
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Jon Buck
With a background in science and writing, Jon's cryptophile days started in 2011 when he first heard about Bitcoin. Since then he's been learning, investing, and writing about cryptocurrencies and blockchain technology for some of the biggest publications and ICOs in the industry. After a brief stint in India, he and his family live in southern CA.
With a background in science and writing, Jon's cryptophile days started in 2011 when he first heard about Bitcoin. Since then he's been learning, investing, and writing about cryptocurrencies and blockchain technology for some of the biggest publications and ICOs in the industry. After a brief stint in India, he and his family live in southern CA.
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