- Grayscale Investment LLC forms 6 crypto trusts in 2020.
- The crypto asset manager holds over $17 billion AUM.
- Grayscale manages more than $25 billion worth of assets across its products.
Grayscale has merged 6 crypto trusts which include Chainlink (LINK), Tezos (XTZ), Basic Attention Token (BAT), Decentraland (MANA), Livepeer (LPT), and Filecoin (FIL). Additionally, it holds total assets under management (AUM) of over $17 billion on its Bitcoin Trust.
Grayscale Crypto Trusts
MILESTONE: In 2020, Grayscale #Bitcoin Trust was one of the fastest growing investment products in the world, growing from $1.8 billion to $17.5 billion AUM. This is an incredible testament to the maturation of the digital currency ecosystem. https://t.co/T4sMVQhcDe pic.twitter.com/Gb7FvHxAtf
— Grayscale (@Grayscale) January 22, 2021
In fact, five of the single assets trusts were formed on December 18, 2020. Meanwhile, registration for the Filecoin Trust took place on October 15, 2020. In detail, the crypto trusts were incorporated by Delaware Trust Company. This is Grayscale’s “statutory trustee,” for the US state in Grayscale’s documentation.
Michael Sonnenshein, CEO of Grayscale Investments, notes that:
Grayscale is always looking for opportunities to offer products that meet investor demands. Occasionally, we will make reservation filings, though a filing does not mean we will bring a product to market.
More so, “Grayscale has and will continue to announce when new products are made available to investors,” said Sonnenshein.
Grayscale AUM Is Worth Over $17B
Grayscale witnessed groundbreaking investor demand in 2020. Therefore, its assets under management (AUM) rose by more than 10 times to over $17 billion last year.
Furthermore, the last quarter of 2020 accounted for approximately $3.3 billion in inflows. Particularly, Barry Silbert, the founder, and CEO of Digital Currency Group, the parent company of Grayscale, notes the growth of the Trust as:
2015: $3 million
2016: $20 million
2017: $120 million
2018: $360 million
2019: $608 million
2020: $5.7 billion
Grayscale Bitcoin Trust (GBTC), is solely and passively invested in Bitcoin, and trades on over-the-counter (OTC) markets. It manages more than $25 billion worth of assets across its products.