05/01/2022 Grayscale Holds $43B in Crypto Assets Under Management, Down From $61B in Early November
Grayscale Bitcoin Trust and Ethereum Trust AUM have dropped 30% and 22%, respectively over this time period.
Grayscale Investments has $43.6 billion in crypto assets under management (AUM), the digital asset manager tweeted on Friday – a more than 28% decline from the$61 billionthe digital asset manager held in early November.
AUM in the Grayscale Bitcoin Trust, the firm’s largest holding, has decreased from $43.5 billion to $30.4 billion, a 30% decline during this time. The AUM of its second-biggest holding, the Grayscale Ethereum Trust, declined from almost $15 billion to $11.6 billion, a 22% drop.
These decreases come as bitcoin and other crypto prices have fallen in recent weeks. But the total AUM also represents a roughly 170% increase over its$16.4 billionin holdings a year ago, reflecting a growing interest in cryptocurrency.
Grayscale’s portfolio compared to a year ago is wider-ranging withthe additionof multiple trust offerings earlier this year, including Chainlink’s LINK token, Brave’s BAT and MANA, the money for virtual world Decentraland.
New York-based Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.
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