Crypto Assets Managed by Grayscale Increased 430% in 11 Months
Arcane Research analyst Vetle Lunde estimated at 430% growth in the volume of assets under the management of the investment company Grayscale Investments from January 13 to December 12 (from $2.3 billion to $12.1 billion).
The Grayscale Bitcoin Trust (GBTC) manages 544 thousand BTC, which is almost 3% of the Bitcoin market supply. In mid-January, the figure was 261 thousand BTC.
The share of the Ethereum Trust (ETHE) in the issue of the second largest cryptocurrency in terms of capitalization reached 2.5%. According to Lunde, the growth in the performance of this instrument is even more impressive - over the corresponding period, the volume of ETH at the disposal of the company increased from 497 thousand to 2.875 million.
On December 14, the value of funds managed by Grayscale reached $13 billion. GBTC accounts for $10.8 billion, which is 83% of total assets, and ETHE - 13.6% with an indicator of $1.72 billion.
The company continues to use the #DropGold slogan, urging investors to ditch gold as a store of value in favor of bitcoin.
Recall that an advertising campaign launched in August exploits the "Money printer go BRRR" meme, hinting at the active work of the FRS printing press during the crisis amid the COVID-19 pandemic.