Bitcoin’s price trajectory post-November has been a major concern for investors as well as institutions. In fact, the king coin’s price action also had an effect on Grayscale’s digital asset portfolio. Well, Grayscale Investments is currently holding $43.6 billion as assets under management (AUM) under its various crypto offerings.
December 2021
12/31/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
Total AUM: $43.6 billion$BTC $BAT $BCH $LINK $MANA $ETH $ETC $FIL $ZEN $LTC $LPT $XLM $ZEC $UNI $AAVE $COMP $CRV $MKR $SUSHI $SNX $YFI $UMA $BNT $ADA $SOL pic.twitter.com/vCkExTIjHh
— Grayscale (@Grayscale) December 31, 2021
As per the manager’s last tweet, Grayscale’s digital asset portfolio has gone down by some 19% when compared to its AUM of $53.9 billion earlier in December.
It is noteworthy that the fall is bigger against a November AUM figure of $60.9 billion. However, despite the fall, the Digital Currency Group claimed to be one of the largest digital currency asset managers in the world.
This largely owing to the fact that the AUM decrease has followed a sluggish price action in Bitcoin and other major cryptocurrencies. Bitcoin’s 62.6% return in the last 12 months is accompanied by an over 17% monthly fall in ROI in the last month and -7% in the last week. The 24-hour range at press time remains under $50K between $45,701.91 and $48,779.11 on CoinGecko. Moreover, at the time of writing, Bitcoin’s Dominance Ratio remains close to 40%, improving the outlook for altcoins.
Over the last year
Looking at the Grayscale Bitcoin Trust with an inception date of September 2013, it is the oldest and the largest fund in the basket that has returned 31,278.57% since the beginning. GBTC has a reported AUM of $30.4 billion as of 31 December. It follows the Grayscale Ethereum Trust as the second-biggest holding of $11.6 billion. Despite a significant fall during the currently bearish…
