Grayscale now has $33 billion in cryptocurrency assets under management (AUM)

On Monday, the overall value of the digital asset management firm’s crypto assets increased.

Grayscale and their investments

Grayscale, the world’s largest cryptocurrency asset manager, has issued an update on the company’s digital assets under its custody (AUM). According to the most recent figures, the New York-based crypto asset management firm now manages $33.6 billion in digital assets.

Grayscale’s most valuable investment is Bitcoin (BTC), which the business holds over 650,000 of with a total value of over $24 billion. Due to the recent increase in the world’s most significant cryptocurrency value, the company’s total Bitcoin holdings increased in value. In the last seven days, BTC has risen by about 28%.

The Ethereum trust

The Ethereum (ETH) Trust managed by Grayscale holds over 3 million ETH worth over $7.2 billion. The world’s second-most valued cryptocurrency, like Bitcoin, has seen a massive rise in recent days. In the previous seven days, the value of ETH has risen by 29%. Grayscale is one of Ethereum’s major institutional investors. In the last six months, digital asset management has significantly increased its ETH holdings.

Grayscale’s Crypto Assets

Grayscale’s total cryptocurrency assets under control reached an all-time high of $52 billion in May 2021. Due to the recent downturn in Bitcoin, Ethereum, and other cryptocurrency assets, the company’s crypto AUM has decreased since then. Moreover, to diversify its portfolio, the firm launched numerous new bitcoin investment trusts in March 2021. Grayscale and CoinDesk Indexes introduced a Decentralized Finance (DeFi) fund and index earlier this month.

The CEO, Michael Sonnenshein, addressed it at the company’s DeFi fund launch:

“Grayscale continues to focus on creating opportunities for investors to access new, exciting parts of the digital asset ecosystem. The emergence of decentralized finance protocols provides clear examples of technologies that can redefine the future of the financial services industry. We’re proud to offer investors exposure to DeFi through Grayscale’s trusted, secure, and industry-leading investment product structures.”