Grayscale tops $50 billion: ‘Will soon pass world’s largest commodity ETF’

Grayscale tops $50 billion: ‘Will soon pass world’s largest commodity ETF’

Grayscale continues to grow, passing $50 billion. That's equivalent to the world’s second-largest commodity ETF. Major U.S. asset manager Grayscale has just surpassed $50 billion in cryptocurrency assets under management for the first time. Grayscale's AUM is creeping ever closer to the $57 billion holdings of the largest commodity ETF. MILESTONE: We just reached $50 billion AUM. Yet another reason to #GoGrayscale. pic.twitter.com/Jrk7n6TAOI— Grayscale (@Grayscale) April 14, 2021 The company has plans to convert into an ETF when regulations allow. If the ETF had been approved....


Related News

Grayscale Tops Up Ethereum Investment To $10 Billion

Ethereum makes up a large part of crypto-asset manager Grayscale’s portfolio. In a recent report, it shows that Grayscale now has over 3 million ETH in its asset under management (AUM), amounting to more than $10 billion. This makes the asset manager one of the largest holders of Ethereum in the space. Related Reading | Crypto Market Goes Into “Extreme Greed,” What This Means For Bitcoin The asset manager had gradually increased its ETH holdings over time, adding almost 20,000 ETH to its portfolio back in February. The recent filings show that the New York-based asset manager has....

Crypto Giant Grayscale Launches First ETF To Bet On “Future Of Finance”

Crypto and digital asset manager firm Grayscale launched its first Exchange Traded Fund (ETF) in collaboration with Bloomberg. Per a press release, the investment product will trade under the ticker GFOF and will track the Bloomberg Grayscale Future of Finance Index. Related Reading | Grayscale’s Total Crypto Assets Under Management Tops $60 Billion Grayscale created […]

Grayscale Announces Intention To Convert GBTC To ETF

Grayscale Investments plans to convert its Grayscale Bitcoin Trust, the world’s largest such product, into a bitcoin exchange-traded fund.

Grayscale’s Total Crypto Assets Under Management Tops $60 Billion

Grayscale has continued to make strides in its crypto investments. The asset manager had first made waves in the market when it had launched its bitcoin fund. Since then, it had added altcoins to various funds that it manages on behalf of its clients. With the bull rally continuing this year, Grayscale has made waves […]

Bitcoin accelerates toward $1T market cap as price hits new all-time high

The largest cryptocurrency nears $53,000 on Friday in the latest bullish surge as $50,000 holds as support. Bitcoin (BTC) hit yet another all-time high on Feb. 19 as the largest cryptocurrency set its sights on becoming a trillion-dollar asset.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnother day, another Bitcoin recordData from Cointelegraph Markets and Tradingview showed BTC/USD reaching $52,932 on Bitstamp at the time of writing after rising % in an hour.Holding $50,000 support over the past two days, Bitcoin was primed for further gains in the short term, analysts....