Digital Assets: Grayscale Says it Now Has Over $10 Billion in AUM, Crypto Firm Took in Over $262 Million Last Week Alone

Grayscale Investments, a digital asset management firm that offers retail investors the ability to invest in crypto via listed funds, says it has topped $10 billion in assets under management (AUM). In fact, the investment firm says that last week it experienced an inflow of $262.3 million. Grayscales claims the title as the “world’s largest digital currency asset manager.”

At the end of September 2020, Grayscale reported that it had approximately $5.9 billion in assets under management across its family of 10 products. This means a combination of reinvigorated interest in crypto, along with the rapid rise in the price of certain digital currencies like Bitcoin have helped the firm hurdle the $10 billion mark.

So a bigger question is whether or not this part of a trend of broader acceptance by retail and institutional investors in crypto. And will Bitcoin continue its incredible rise in value as it nears USD $20,000 – perhaps surpassing its previous all-time high. Earlier today, crypto proponent and CEO of Galaxy Investment Partners Michael Novogratz predicted that Bitcoin will top $65,000 within the coming year. Other notable names have predicted even higher target prices for the world’s most loved cryptocurrency.

Sponsored Links by DQ Promote


 

You may also like...

Send this to a friend