Grayscale’s Crypto Assets Under Management Break $10B

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.

• 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 report.

• 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

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• Grayscale’s Crypto Assets Under Management Break $10B

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