• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

$60 Billion Grayscale Total AUM Now Worth More Than World’s Largest Gold Fund

November 13, 2021
in Australian Crypto News
Reading Time: 2min read
0 0
A A
0
$60 Billion Grayscale Total AUM Now Worth More Than World’s Largest Gold Fund
0
SHARES
18
VIEWS
ShareShareShareShareShare

Grayscale is leading the way as the world’s largest digital currency asset manager. The company’s total Assets Under Management (AUM) have reached US$60.8 billion, surpassing $58.3 billion AUM of SDPR Gold Shares, the world’s largest gold exchange-traded fund (ETF).

Grayscale’s AUM just topped $60 billion, and they’ve flippened the world’s largest gold fund.

SPDR Gold Shares has an AUM of $58.3 billion.

Guess the #DropGold campaign worked…

— Kevin Rooke (@kerooke) November 11, 2021

Grayscale, which operates the world’s largest Bitcoin and Ethereum investment funds, was the first financial institution to bring a digital currency investment product to the public market. The Grayscale Bitcoin Trust (GBTC) holds US$43.6 billion AUM, and the Grayscale Ethereum Trust holds US$14.9 billion AUM, according to the firm’s November 10 update.

Grayscale has long been working towards getting a Bitcoin spot ETF approved but continues to be rejected by the Securities Exchange Commission, despite its approval for a Bitcoin futures ETF. Regardless of a Bitcoin spot ETF, Grayscale has managed to flippen gold.

All That No Longer Glisters

Grayscale’s leadership towards investing in Bitcoin has paid off. The company dedicated a marketing campaign, #dropgold, aimed at attracting traditional investors away from gold towards the new gold of the future: the world’s largest digital asset, Bitcoin. “Go Digital, Go Grayscale”, says the dropgold website. “It’s not that gold is bad. It’s just that bitcoin is better.”

Share this article

Join in the conversation on this article’s Twitter thread.

Disclaimer:
The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Decentralised WiFi Token Helium Up 81% Following First Governance Vote

Next Post

The First Fair On-Chain NFT Auction Platform

Next Post
The First Fair On-Chain NFT Auction Platform

The First Fair On-Chain NFT Auction Platform

You might also like

XRP Ready For Next Bull Run? Here’s How This Analyst Arrived At $13 Target

XRP Ready For Next Bull Run? Here’s How This Analyst Arrived At $13 Target

April 26, 2026
Bitcoin Price To Bottom At $45K? On-Chain Indicator Says Yes

Bitcoin Sees Renewed Demand From US Institutional Players — What’s Changing?

April 26, 2026
Bitcoin To $140,000 And XRP To $7? Here’s When It Will Happen

Bitcoin To $140,000 And XRP To $7? Here’s When It Will Happen

April 23, 2026
XRP Integrations Keep Rolling In Across The Ecosystem

XRP Integrations Keep Rolling In Across The Ecosystem

April 23, 2026
AAVE Price Prediction: Testing $240 Breakout with $280 Medium-Term Target Despite Bearish Momentum

AAVE Price Prediction: $102 Target Within 14 Days as Smart Money Goes Long

April 25, 2026
Michael Saylor Hints at Bigger Bitcoin Buys After Floating Semi-Monthly Dividends

Michael Saylor Hints at Bigger Bitcoin Buys After Floating Semi-Monthly Dividends

April 20, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Bitcoin Price To Bottom At $45K? On-Chain Indicator Says Yes

Bitcoin Sees Renewed Demand From US Institutional Players — What’s Changing?

April 26, 2026

Dogecoin Is Back At The Triangle Tip, And Historical Trends Points To What Comes Next

April 26, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.