Grayscale Investments announced a new all time high in assets under management.
The company specializes in digital currencies, with a heavy focus on Bitcoin.
Substantial gains in price since March declines have increased the total asset pool.
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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.
Image courtesy of Grayscale Investments
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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