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Grayscale Holds $43B in Crypto Assets Under Management, Down From $61B in Early November

Grayscale Bitcoin Trust and Ethereum Trust AUM have dropped 30% and 22%, respectively over this time period.

Grayscale CEO Michael Sonnenshein (CoinDesk archives)
Grayscale CEO Michael Sonnenshein (CoinDesk archives)

Grayscale Investments has $43.6 billion in crypto assets under management (AUM), the digital asset manager tweeted on Friday – a more than 28% decline from the $61 billion the digital asset manager held in early November.

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  • AUM in the Grayscale Bitcoin Trust, the firm’s largest holding, has decreased from $43.5 billion to $30.4 billion, a 30% decline during this time. The AUM of its second-biggest holding, the Grayscale Ethereum Trust, declined from almost $15 billion to $11.6 billion, a 22% drop.
  • These decreases come as bitcoin and other crypto prices have fallen in recent weeks. But the total AUM also represents a roughly 170% increase over its $16.4 billion in holdings a year ago, reflecting a growing interest in cryptocurrency.
  • Grayscale’s portfolio compared to a year ago is wider-ranging with the addition of multiple trust offerings earlier this year, including Chainlink’s LINK token, Brave’s BAT and MANA, the money for virtual world Decentraland.
  • New York-based Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.

James Rubin

James Rubin was CoinDesk's Co-Managing Editor, Markets team based on the West Coast. He has written and edited for the Milken Institute, TheStreet.com and the Economist Intelligence Unit, among other organizations. He is also the co-author of the Urban Cyclist's Survival Guide. He owns a small amount of bitcoin.

James Rubin