Share this article
Grayscale's Crypto Assets Under Management Break $10B
Price appreciation in all cryptocurrencies this month is a factor behind the growth, but so are inflows.
Updated Dec 10, 2022, 9:29 p.m. Published Nov 18, 2020, 12:08 a.m.
Make us preferred on Google
In another sign of renewed exuberance in cryptocurrency markets, Grayscale Investments has broken above $10 billion in digital assets under management for the first time.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Disclosed Tuesday evening, the New York-based firm now oversees $10.4 billion in assets including bitcoin, bitcoin cash, ether, horizen, ethereum classic, litecoin, stellar, XRP and zcash.
- That's up from $7.6 billion on Oct. 30, according to the firm's November reporthttps://grayscale.co/wp-content/uploads/2020/11/Grayscale-Investor-Deck-November-2020.pdf.
- Price appreciation in all cryptocurrencies this month is a factor behind the growth, but so are inflows: Grayscale took in $262.3 million last week alone, Managing Director Michael Sonnenshein tweeted Friday.
- The assets are held across nine single-asset investment trusts and a diversified fund. Shares in these vehicles are offered directly only to accredited investors, but most of them can be publicly traded on the over-the-counter markets.
- Grayscale is owned by Digital Currency Group, which is also the parent company of CoinDesk.
See also: Galaxy Digital Gets Initial Approval for New Bitcoin Fund in Canada
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
More than half of bitcoin’s invested supply has a cost basis above $88,000
Most invested bitcoin supply sits above current prices, increasing price vulnerability if key support levels fail.
What to know:
- Around 63% of invested bitcoin wealth has a cost basis above $88,000.
- An onchain measure shows heavy concentration of supply between $85,000 and $90,000, combined with thin support below $80,000.
Top Stories
