Grayscale’s Assets Under Management Now Exceeds $5.5 Billion

Share Article
In Brief
  • Crypto investment firm Grayscale now has over $5.5 billion under management

  • This represents a near 15% increase in its crypto fund since last week

  • Continued institutional investor interest in Grayscale is bullish news for the industry

  • promo

    Want to learn how to trade? Get a beginners guide from _BeInCrypto Academy_ now!

The Trust Project is an international consortium of news organizations building standards of transparency.

Crypto investment platform Grayscale has reported another significant increase in its assets under management (AUM).



A global leader in digital currency management, Grayscale is a barometer of sorts for the wider crypto ecosystem. The announcement further illustrates an uptick in interest from institutional investors.

Grayscale already owns a sizeable chunk of the BTC and ETH supply. And according to an update from Grayscale’s Twitter account on Aug 5, that amount is going up.



The tweet notes that the investment firm currently has $5.5 billion in AUM spread out across various funds, a nearly 15% increase from last week.

Source: Grayscale

The funds are mostly held in Grayscale trusts for bitcoin (82.78%) and ethereum (13.61%), along with the firm’s digital large-cap fund. Smaller allocations include an assorted mix of other assets like Ethereum Classic, Zcash, and Litecoin.

Ethereum Classic represents just 1.55% of Grayscale’s total assets but it’s worth noting since ETC recently suffered yet another 51% attack. This is one in a series of attacks that allowed thieves to make off with approximately $5.68 million in ETC, perhaps more, as the amount stolen in the latest incident remains unclear.

The events have led the Ethereum Classic team to ask for related services like exchanges and mining pools to raise confirmation times.

Bullish Indicators Are Everywhere

Since the Covid-19 pandemic started, there has been a steady inflow of energy into the cryptocurrency space. In recognition of surging interest, Grayscale also just published a guide for financial advisors to educate themselves about digital assets tweeting:

“Over one-third of U.S. investors are interested in investing in crypto like #Bitcoin. For financial advisors, it’s time to get up to speed on the asset class.”

If this weren’t bullish enough, Barry Siebert, the Founder and CEO of Grayscale’s parent company Digital Currency Group tweeted, “You ain’t seen nothing yet”.

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Share Article

Colin is a writer, researcher, and content marketer with a keen interest in the future of money. His writing has been featured in numerous cryptocurrency publications, and his holdings don't amount to more than a handful of BAT.

Follow Author

Daily signals, Bitcoin analytics and traders chat. Join our Telegram today!

Let’s Go

A step-by-step guide how to trade Bitcoin profitably

Learn now