• Grayscale’s crypto AUM has surpassed $53 billion

  • The crypto market cap has remained stable in recent days, with BTC remaining at $56,000. Ethereum, on the other hand, remained above $4,500. Grayscale, one of the world’s largest crypto asset management firms, reported yesterday that the total value of the company’s digital AUM had reached $52.8 billion.

    Grayscale is in charge of more than $36 billion in BTC assets. Ethereum is the digital asset management firm’s second-largest holding. Grayscale has significantly increased its ETH assets in recent months, owing to a surge in demand for the crypto asset.

    Grayscale offers Ethereum Classic Trust, Litecoin Trust, and Bitcoin Cash Trust in addition to BTC and ETH. Grayscale has significantly expanded its crypto offerings since the beginning of 2021. Solana (SOL) trust was recently introduced by the company.

    “For the past eight years, Grayscale has been at the forefront of providing investors with efficient exposure to the ever-evolving digital currency ecosystem,” Grayscale CEO Michael Sonnenshein said. “We’ve had a front-row seat to the mainstream acceptance and adoption of cryptocurrency, and we’re seeing an increase in investors diversifying their exposure beyond digital assets like Bitcoin and Ethereum.” Our Grayscale product family will continue to grow alongside this exciting asset class, as we remain committed to providing investors with access to the digital economy.”

    Market for Cryptocurrency in 2021

    In 2021, the total market capitalization of digital assets increased by more than 250 percent. During the first half of 2021, cryptocurrency assets such as Ethereum, Binance Coin, Solana, Dogecoin, and Shiba Inu saw significant gains. Despite the fact that Bitcoin trailed other digital assets in price gains this year, institutional investors preferred BTC over altcoins.

    Grayscale’s BTC holdings increased in value steadily in 2021. More than 600,000 BTC are held by the digital asset management firm. Furthermore, the company manages nearly 3 million ETH as well as over 12 million Ethereum Classic.

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