Grayscale Reports Over $3 Billion Increase in AUM in Just Four Days

Grayscale Reports Over $3 Billion Increase in AUM in Just Four Days

Grayscale now holds 44.1 billion assets under management, which represents an increase of over 3 billion in just four days. 

As reported by CryptoPotato, Grayscale expanded its crypto-trust offerings, adding five new tokens: Chainlink (LINK), Basic Attention Token (BAT), MANA (Decentraland), Filecoin (FIL), and Livepeer (LPT). These trusts, already operational for eligible accredited investors, surged in price considerably after the announcement.

Demand For More Cryptos

Michael Sonnenshein, CEO of Grayscale, shared the news about new trusts following a massive inflow of accredited investors and clients demanding new prospective tokens. Meanwhile, the Grayscale Bitcoin Trust (GBTC) still trades slightly below the price of BTC.

    • Basic Attention Token Trust: $3.5M with 11.08M in holdings per share.
    • Decentralised Trust: $18.8M, with $11.02 holdings per share
    • Chainlink Trust: $3.1M, with $2.75 holdings per share
    • Livepeer Trust: $10.3M, with 25.04 holdings per share
    • Filecoin Trust: $5.7M, with 127.43 holdings per share

The possibilities of a Grayscale Bitcoin ETF

While the total of AUM increases with the new trusts, rumors are circulating that Grayscale could be planning to launch a crypto Exchanged-traded fund (ETF) anytime soon. As reported, the company posted several job positions related to ETF endeavors. Some of the open positions are:


ADVERTISEMENT

    • ETF Authorized Participant Relationship Manager,
    • ETF Compliance Officer,
    • ETF Creation & Redemption Specialist,
    • and ETF Finance Reporting Manager.

If Grayscale joins other firms like Goldman Sachs by launching a Bitcoin ETF, the Securities and Exchange Commission might start giving it a harder thought after rejecting many applications in the past. This could give the crypto market a dramatic boost as accredited investors and institutional capital could flock to it —considering both companies have stated the increasing crypto demand from their clients.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Published at Wed, 31 Mar 2021 18:44:56 +0000

ALTCOIN NEWS BITCOIN NEWS BLOCKCHAIN NEWS CRYPTOCURRENCY NEWS ETHEREUM NEWS EXCHANGES NEWS LITECOIN NEWS MARKET NEWS REGULATION NEWS
Gamestop
Important Facts of Gamestop Entering into Cryptomarket
UniFarm
UniFarm Raises $2 Million After Launching Innovative Farming Pool Featuring 17 Top DeFi Projects
XRP, FTX Token, Waves Price Analysis
#HODL #SHILL YOUR SH*T COIN! #SPOTTED! #VIRALS BITCOIN SCAM WATCH FUN QUIZZES
bitcoin-scams
Top 5 Bitcoin Scams you should be aware of!
Instagram Influencer Accused of Scamming Followers Out of $2.5M In Bitcoin Scams
five assorted color cars parked inside room
WHAT WILL YOU BUY WITH YOUR BULL MARKET GAINS?
FAQ'S INTRODUCTION TO BITCOIN INTRODUCTION TO BLOCKCHAIN INTRODUCTION TO CRYPTOCURRENCY EXCHANGES
Cryptocurrency
4 Amazing Perspectives of Cryptocurrency Characteristics, Everyone Should know
How bitcoin Transactions Work
Bitcoin For Beginners: 5 Plus Important Reasons Why You Should Understand The Future Impact of Bitcoin On Society
blockchain
5 Important points about Blockchain, Cryptocurrency, and Bitcoin(Safe or Not)
EXCHANGES WALLETS
coinbase
4 Best Crypto Coins on Coinbase
flat lay gadgets beside bearded man
ULTIMATE LIST : BEST BITCOIN AND CRYPTOCURRENCY WALLETS 2021
person shopping online
2021 BEST BITCOIN AND CRYPTOCURRENCY HARDWARE WALLETS TO STORE YOUR COINS SAFE

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.