Grayscale continues to grow, passing $50 billion. That’s equivalent to the world’s second-largest commodity ETF.
Major U.S. asset manager Grayscale has just surpassed $50 billion in cryptocurrency assets under management for the first time. Grayscale’s AUM is creeping ever closer to the $57 billion holdings of the largest commodity ETF. MILESTONE: We just reached $50 billion AUM. Yet another reason to #GoGrayscale. pic.twitter.com/Jrk7n6TAOI— Grayscale (@Grayscale) April 14, 2021
The company has plans to convert into an ETF when regulations allow. If the ETF had been approved already, Grayscale would be the second-largest commodity ETF behind SPDR Gold Shares. GLD is a physically-backed gold exchange-traded fund (ETF) with listings on stock exchanges in the U.S., Mexico, Singapore, Japan, and Hong Kong.Grayscale CEO Michael Sonnenshein tweeted that he believes the Grayscale Bitcoin Fund, or GBTC, is likely to surpass t
