Crypto Adoption Boom: Grayscale To Surpass $10 Billion In BTC, ETH, XRP And More
It seems that new numbers on Grayscale’s crypto products are showing that the company now has $9.8 billion in assets under management (AUM) – this means that they are rapidly approaching the $10 billion mark. It’s been reported by the online publication the Daily Hodl that “Grayscale’s suite of investment products give institutional investors a simple and regulatory compliant way to gain exposure to Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC), Stellar (XLM), Horizon (ZEN), Zcash (ZEC), and Ethereum Classic (ETC).”.
Institutions that are comfortable with multiple products within the Grayscale suite of products have averaged nearly double the commitments of single-product investors during 3Q20…” according to the official notes. This persistent demand has allowed Grayscale Bitcoin Trust to become one of the fastest-growing investment products in the world.”