Grayscale Proclaims $19 Billion in AUM Milestone

Grayscale Investments, a digital asset administration agency that gives retail buyers the flexibility to put money into crypto through listed funds, revealed on Monday it has reached $19 billion in AUM. This milestone comes just a bit over a month after Grayscale introduced it had greater than $10 million in AUM.

12/28/20 UPDATE: Web Belongings Beneath Administration, Holdings per Share, and Market Value per Share for our Funding Merchandise.

Complete AUM: $19.zero billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/qfB5IFfMC4

— Grayscale (@Grayscale) December 28, 2020

Based in 2013, Grayscale states it offers safe entry and diversified publicity to the digital foreign money asset class.

“At Grayscale Investments, we imagine buyers deserve a longtime, trusted, and accountable companion that may assist them navigate the grey areas of digital foreign money investing. That’s why we’re constructing clear, acquainted funding merchandise that facilitate entry to this rising asset class, and supply the springboard to put money into the brand new digital currency-powered ‘web of cash.’”

As beforehand reported, Grayscale reported on the finish of September 2020 that it had roughly $5.9 billion in property beneath administration throughout its household of 10 merchandise.