Digital asset manager Grayscale Investments reached $16.4 billion in assets under management (AUM), up from the $13 billion the firm announced last week. According to a recent update, Grayscale has added 12,319 BTC to its Grayscale Bitcoin Trust (GBTC) in the course of a single day. This sum was reportedly more than the cumulative purchase over the last week.
Grayscale Bitcoin Trust having $14.1 billion in the top crypto asset. Ethereum Trust now has $1.81 billion in AUM.
Rafael Schultze-Kraft, CTO of on-chain analyst firm Glassnode tweeted and added the chart below:
“Bitcoins added to the Grayscale Bitcoin
Trust in the past 6 months: ~210,000 BTC Bitcoins mined in the past 6 months: ~185.000 BTC
That’s right, Grayscale has been buying up more bitcoins than the amount issued.”
Source: Rafael Schultze-Kraft
Grayscale has been competing actively with other institutions and this was visible in its Bitcoin holdings for 2020, which witnessed a surge of more than 66% as of date. Data suggests Gryascale’s Bitcoin holding has reached 600k BTC which was approximately $14.1 billion worth of assets under management.
Read more:
- Grayscale Investments Adds $300 Million In AUM In One Day
- Grayscale Investments Now Holds 2% Of All BTC And 2% Of All Ethereum, Suggested That The Coin Has A Bright Future Ahead