Grayscale Assets Close to $60 Billion

The company’s latest market update displays its total AUM of assets at $58.8 billion.

Grayscale Assets Close to $60 Billion

The digital currency asset giant, Grayscale Investments, has published its latest market update on Twitter. The total net worth of digital assets under their management has increased to $58.8 billion.

Unsurprisingly, the largest portion of their portfolio is comprised of Bitcoin and Ethereum, with $41.98 billion and $14.53 billion respectively. Combined they make up for 96.1% of their overall assets.

For a company that was a market newcomer just a few years ago, this is an incredible feat. Michael Sonnenshein, the CEO of Grayscale Investments, attributes this triumph to the company’s early recognition of cryptocurrencies as proper bona fide assets.

In his latest interview, he says: “One of the interesting things that Grayscale was early to identify was that not only would digital currencies become a bona fide asset class, but also that digital currencies carried [...] characteristics and attributes that make them difficult for investors to figure out [...] And because they are accessible through very different channels than our traditional investments [...] there was a real opportunity to provide investors with access and exposure to digital assets.

Launched in 2013 with a Bitcoin fund, it only took the company eight years to become the world’s largest cryptocurrency asset manager. Nowadays, the company manages 15 unique investment vehicles.

Sonnenshein adds that the company’s appeal stems from providing their customers with an “easy and frictionless way to gain exposure to Bitcoin.

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