Grayscale Investments’ Assets Under Management Reach $50 Billion
Grayscale Investments, the world’s largest digital asset manager, has reached a significant milestone as its assets under management (AUM) surpass $50 billion. Grayscale offers investment products that give investors exposure to cryptocurrencies without having to directly hold or trade them.
The company’s AUM growth has been fueled by institutional demand for digital assets, with Bitcoin (BTC) being the most popular investment choice. Grayscale’s flagship bitcoin fund, GBTC, accounts for the largest portion of the assets, followed by its Ethereum Trust.
Bankruptcy Claims and Recovery
Last November, FTX, a major cryptocurrency exchange, filed for bankruptcy. The court-appointed CEO discovered significant failures in corporate controls and financial transaction documentation within the company. The exchange’s former CEO was also convicted of fraud.
The bankruptcy claims have been trading at around 60 to 65 cents on the dollar recently, indicating a growing optimism about asset recovery.
Author
Anna is a senior policy reporter and assistant editor at The Block. She has extensive experience in political journalism and previously covered Russian civil society for various news outlets in Moscow. Anna has been investigating cryptocurrency policies and adoption worldwide for the past five years at CoinDesk. She is a bitcoin holder and owns a sentimental NFT.
Hot Take: Grayscale Investments Reaches $50 Billion AUM Milestone
Grayscale Investments’ achievement of surpassing $50 billion in assets under management reflects the increasing interest and confidence of institutional investors in the cryptocurrency market. This milestone demonstrates the growing recognition of cryptocurrencies as a legitimate asset class.
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