The assets under management of popular crypto manager Grayscale have just passed the $10B mark, the company has announced on its official Twitter account.
Specifically, the value of Grayscale's assets under management (AUM) is currently around $10.4B. Of these, around $8.85B (80%) is in the Grayscale Bitcoin Trust (GBTC).
In terms of Bitcoins, the company owns about 480,900 BTCs.
Another important product of the company, the Grayscale Ethereum Trust (ETHE), is the next largest product with $1.2B, however, it should be noted this figure is much lower than the assets of the GBTC. The company's other crypto products account for a much smaller percentage of that $10B.
The assets under management of the company, which was established back in 2013, have undergone spectacular growth over the last few months, since, as a comparison, these amounted to only $1B in December 2019.
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