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Grayscale’s AUM Hits $19B, Up from $16.4B Announced Week Ago
Dec 29 2020 · 18:13 UTC | Updated
Dec 29 2020 · 18:14 by Benjamin Godfrey · 3 min read
Photo: Depositphotos
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While it may be too early to project the possible performance of Grayscale in 2021, the spate of patronage the company recorded in the last two quarters of 2020 looks quite inspiring.
In what confirms the continued embrace of Bitcoin (BTC) and altcoins by institutional investors and the big-money clients, Grayscale’s total Assets Under Management (AUM) has been reported to top $19 billion, a significant uplift from the $16.4 billion reported a week ago. According to a report by CoinDesk, Grayscale hit this AUM milestone on December 28, and Grayscale’s Bitcoin Trust holds by far the largest chunk of the total assets at $16.3 billion.