Grayscale’s AUM Growing at a Fast Rate
As the interest in digital assets spikes, Grayscale’s total AUM is becoming one of the fastest-growing trusts in the in industry. The recent increase came in less than four days when it was holding at $46.1 billion. By April 9 the trust increased its total AUM by $1 billion in just 24 hours.
The addition of new tokens to its list of trust offerings gave the total AUM a boost as well. As reported, Grayscale added five new tokens to amplify its crypto-trusts, integrating Chainlink (LINK), Basic Attention Token (BAT), Decentraland (MANA), Filecoin (FIL), and Livepeer (LPT). These tokens saw a boost in price after the announcement, surging 50 to 70% in most cases.
Crypto Mom Believes Market Has Grown, Remains Coy on Bitcoin ETF Approval
Last Updated: 12 April 2021
The cryptocurrency market has been described as matured by Hester Peirce, a Commissioner for the US Securities and Exchange Commission (SEC), otherwise known as Crypto Mom.
Peirce remarked during an interview with a correspondent of Bitcoin.org.
Cryptocurrency Market Has Greatly Matured
Peirce’s assertion was not unconnected to the emerging interest of institutional investors in digital assets.
She explained that the growing trend of large institutions in the mainstream financial industry picking interest in Bitcoin is an indication that the market has matured.
It would be recalled that several institutional investors like Tesla, Goldman Sach, and others have made bets on Bitcoin.
Crypto Fund Manager Grayscale Reopens Deposits for New Clients
Last Updated: 12 January 2021
Grayscale Investments, the crypto industry’s largest institutional investment company, caused a bit of a stir after it closed investments into its top crypto trusts last month. Things seem to have changed, as the company now gears up for a major 2021 by opening deposits.
Ready for Investments
The New York-based investment firm is now opening deposits for most of its investment trusts, per information on its website.
The company confirmed that it has started accepting investments into its Grayscale Bitcoin Trust and the Grayscale Digital Large Cap Fund Trust. The Grayscale Ether Fund remains inactive. There is a strong possibility that could open that soon as well.