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Grayscale Now Has $13B in Crypto Assets Under Management

Grayscale's bitcoin and ether trusts now make up almost the entire $13 billion in AUM value.

Dec 15, 2020 at 10:36 a.m. UTC
Updated Sep 14, 2021 at 10:42 a.m. UTC

Digital asset manager Grayscale Investments has passed another milestone, reaching $13 billion in assets under management on Dec. 14 for the first time.

  • Data tweeted by the firm showed the largest holdings remain in bitcoin, with the Grayscale Bitcoin Trust having $10.82 billion in the top crypto asset. The firm's Ethereum Trust now has $1.72 billion in AUM.
  • Grayscale also has trusts for litecoin ($74.8 million), bitcoin cash ($58.6 million), ethereum classic ($74.3) and others with less significant holdings including XRP, stellar lumens and zcash.

  • The Ethereum Trust recently added another 131,455 ether, which was valued at $74 million on Dec. 10, according to an SEC filing.
  • Michael Sonnenshein, managing director at Grayscale Investments, told Bloomberg in a recent interview, “Over the course of 2020 we are seeing a new group of investors who are Ethereum first and in some cases Ethereum only. There’s a growing conviction around Ethereum as an asset class.”
  • New York-based Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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