Against the background of market growth and the resumption of deposits in the Ethereum trust, the total asset value (AUM) managed by Grayscale Investments exceeded $ 30 billion.
02/05/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
Total AUM: $ 30.4 billion$ BTC $ BCH $ ETH $ ETC $ ZEN $ LTC $ XLM $ ZEC pic.twitter.com/9dgGV9n28f
– Grayscale (@Grayscale) February 5, 2021
The most popular among investors is a bitcoin-based trust, in which assets are $ 24.4 billion (80% of AUM). Increased demand for a financial product based on Ethereum – $ 5 billion (16.4%).
Seven days after the resumption of deposits in the Grayscale Ethereum Trust, 104,990 ETH worth about $ 180 million were received.
BREAKING: After adding 21,112 $ ETH over the past 24 hours, Grayscale now have over $ 5 billion Ether in assets. In just 7 days since re-opening the ETHE Trust, Grayscale added 104,990 $ ETH, worth $ 180 million pic.twitter.com/BcjfeAMD3B
– Bloqport (@Bloqport) February 5, 2021
Grayscale Investments’ total asset value is also significantly affected by the growth of Bitcoin and Ethereum, which have risen in price by 14.4% and 20.5% over the past seven days, respectively (according to CoinGecko).
The company emphasized that institutional investors have been showing increasing interest in digital currencies recently, including pension funds and endowments…
#Pensionfunds and #endowments have shown increased interest in digital currencies. Learn how adoption among this segment could contribute to the growth of the market. #GoGrayscale https://t.co/LB79sKZyLC
– Grayscale (@Grayscale) February 5, 2021
According to Bitcoin Treasuries, the Grayscale Bitcoin Trust has 649,130 BTC. This is just over 3% of the maximum issue volume of the first cryptocurrency (21 million BTC).
Recall that at the end of January, Grayscale Investments filed applications for the registration of six new trusts: based on Aave, Polkadot, Cosmos, Monero, EOS and Cardano.
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