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Grayscale Reveals $34.5 Billion Total Asset Under Management

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  • Grayscale recently published an update about the firm’s crypto AUM.
  • The largest crypto-asset management firm now has $34.5 billion worth of AUM.
  • Grayscale touched an AUM all-time high of $52 billion in April.

The world’s largest crypto-asset management, Grayscale, recently published an update about the firm’s digital assets under management (AUM). According to the latest release, the New York-based crypto asset management firm now has $34.5 billion worth of AUM.

Moreover, Bitcoin is the most valuable holding of Grayscale as the firm has more than 650,000 BTC with a total worth of over $25 billion. In addition, the firm noticed a jump in the total amount of its Bitcoin holdings due to the recent spike in the world’s largest crypto.

Currently, BTC is up by about 28% in the last seven days. However, Grayscale’s Ethereum Trust holds more than $37 million ETH with a total worth of nearly $7.9 billion. Similar to Bitcoin, the world’s second-largest cryptocurrency saw strong gains in the last few days.

In fact, Grayscale is one of the biggest institutional holders of Ethereum. Besides, the digital asset manager expedited its ETH growth significantly in the last six months.

In addition, the total value of Grayscale’s crypto AUM touched an all-time high of $52 billion in May. However, the firm saw a fall in its crypto AUM due to the latest correction in Bitcoin, Ethereum, and other crypto assets.

Also, the firm added some new crypto investment trusts to expand its portfolio. But, last month, Grayscale launched decentralized finance (DeFi) fund and index.

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A Computer Engineering graduate who writes news focuses on cryptocurrency-related and blockchain technology. He is enjoying using his skills to contribute to informing people of the exciting technological advances that happen every day.