Grayscale Just $200 Mln Away from Holding $10 Bln in Bitcoin, ETH, XRP, LTC AUM: Barry Silbert

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Sat, 11/14/2020 - 11:22
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Yuri Molchan
According to Barry Silbert, the Grayscale fund needs to raise only $200 mln to be holding an astounding $10 bln in Bitcoin, ETH, XRP and other popular digital assets
Grayscale Just $200 Mln Away from Holding $10 Bln in Bitcoin, ETH, XRP, LTC AUM: Barry Silbert
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Founder and CEO of Grayscale Investments has published a tweet, saying that the company now holds a whopping $9.8 bln in crypto under its management (including Bitcoin, XRP, ETH, LTC, etc) and is just $200 mln away from $10 billion AUM.

BTC
Image via Twitter

Grayscale’s investor funds spiking at the speed of light

Barry Silbert, who also founded Digital Currency Group and the popular crypto news outlet CoinDesk, has taken to Twitter to modestly report on another major milestone his company is about to achieve.

According to him, just $200 mln stands between the current amount of institutional funds put into cryptocurrencies and a total of $10 billion in crypto managed by Grayscale.

At the moment, the company holds $9.8 bln in investor funds.

Related Grayscale Now Holds $7 Bln in Bitcoin and Other Crypto Assets: Founder Barry Silbert
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Grayscale Now Holds $7 Bln in Bitcoin and Other Crypto Assets: Founder Barry Silbert

$200 mln may take just one day to raise

As reported by U.Today previously, this is just an amount that Grayscale can rake in just within a single day.

On Friday, Michael Sonnenshein, the fund’s managing director, announced via Twitter that Grayscale attracted more than $115 mln from financial institutions and family offices in one day – on November 12.

Grayscale offers its customers shares of such crypto assets as BTC, ETH, XRP, XLM, LTC, BCH, etc.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.