spot_img
spot_img
spot_img
ThecoinrepublicEthereum 2.0Grayscale Aum Rose By More Than 10...
google-news-img

Trending

Hamster

Hamster

notco

Notcoin

mogutou

Mogutou

Premium Partners

immerion
spot_img

Grayscale Aum Rose By More Than 10 Times To $20.2 Billion In 2020

spot_img

•Grayscale’s AUM multiplied by 10 times.
•Grayscale’s Bitcoin Trust increased the AUM of trusts from $1.8 billion to $17.5 billion.
•Institutional investments amount to 93% of the total Grayscale’s investment.

According to Investopedia, 2020 was definitely the year for the investment management firm Grayscale Investments. The conjugation of rising Bitcoin prices and soaring institutional investors propelled the firm towards the most profitable year in its history. 

Q4 of 2020 a Pivotal Point for Grayscale’s AUM

The investor demand and the assets under management (AUM) multiplied by 10 times and stood at a high of $20.2 billion in 2020. According to the investment report, the last quarter of 2020 was highly beneficial to the firm because it alone accounted for an inflow of $3.3 billion. The amount is almost equal to 58% of Grayscale’s yearly investment and is approximately equal to half of its lifetime investment in its products. 

$217.2 Million on Grayscale’s Crypto Trust

Grayscale’s Bitcoin Trust helped the AUM of trust jump from $1.8 billion to $17.5 billion as investors poured money. The GBTC helped the investors gain indirect exposure to bitcoin and enabled trading on OTC markets. Approximately a total of $217.2 million was invested every week. Apart from BTC, Grayscale has trust holdings of different cryptocurrencies like Litecoin(LTC) and Ethereum(ETH). 

The total contribution of institutional investors stood at 93% of the total investment flows for Grayscale. The company reported that the assets under management experienced very rapid growth because of the economic instability caused by the pandemic.

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

Our Newsletter

Subscribe to our newsletter to get the latest news and promotions.

Ritika Sharma
Ritika Sharma
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
spot_img
spot_img

Related News

||
Andrew Smith

Over $150 Million Liquidated As ETH Price Skyrockets

Andrew Smith
Ahtesham Anis

Vitalik Buterin lays out the ETH 2.0 endgame plan

Andrew Smith
Ahtesham Anis
Ahtesham Anis

Eth 2.0 Validators Earn $3M as ETH Value Crosses $3K

spot_img