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Grayscale Surpasses $10 Billion in Crypto Under Management With Over 500,000 BTC in Bitcoin Trust

Grayscale Surpasses $10 Billion in Crypto Under Management With Over 500,000 BTC in Bitcoin Trust

Grayscale Investments has surpassed $10 billion in cryptocurrency property below administration. About $8.85 billion are held within the Grayscale Bitcoin Trust, which now holds greater than 500,000 bitcoins.

Over $10 Billion Under Management

Grayscale Investments introduced Tuesday that it has surpassed a significant milestone in cryptocurrency property below administration (AUM), which the whole now stands at $10.four billion. The firm gives 10 cryptocurrency merchandise, all of that are single-asset trusts besides the Digital Large Cap Fund.

Most of the funds are held within the Grayscale Bitcoin Trust (GBTC), which presently has $8.85 billion in property below administration, adopted by the Ethereum Trust with $1.22 billion, and the Digital Large Cap Fund with $146.7 million. In addition, the corporate introduced Monday that the Grayscale Bitcoin Trust now holds greater than 500,000 BTC.

Grayscale Surpasses $10 Billion in Crypto Under Management With Over 500,000 BTC in Bitcoin TrustGrayscale’s crypto merchandise and their web property below administration on Nov. 17. Source: Grayscale Investments

In the third quarter, Grayscale had record-breaking capital inflows totaling $1.05 billion, about 81% of which got here from institutional buyers, primarily hedge funds. The firm additional revealed that its Bitcoin Cash, Litecoin, and Digital Large Cap merchandise all noticed over 10x progress in inflows in comparison with the earlier quarter.

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