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Grayscale Has $16.4B in Crypto Assets Under Management, Up From $13B a Week Ago
The firm's bitcoin assets under management rose by more than $3 billion in a week.
Digital asset manager Grayscale Investments reached $16.4 billion in assets under management (AUM), up from the $13 billion the firm announced last week.
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- Data tweeted by the firm showed its largest holdings remain in bitcoin, with the Grayscale Bitcoin Trust having $14.1 billion in the top crypto asset. The firm's Ethereum Trust now has $1.81 billion in ether AUM.
- Grayscale also has trusts for litecoin ($125.0 million), bitcoin cash ($70.7 million), ethereum classic ($67.7 million) and others with less significant holdings including XRP, XLM and zcash.
- New York-based Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.
Read also: SkyBridge's Scaramucci Sees Bitcoin Rally in 'First Inning'
Kevin Reynolds
Kevin Reynolds was the editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
