Grayscale

    • Grayscale revealed its updated AUM on Twitter.
    • The firm mentioned its three diversified products.
    • Currently, Grayscale holds approximately $8 million DeFi funds in assets.

Grayscale, the world’s largest crypto-assets management, published its updated Asset Under Management (AUM) list on its official Twitter account.

The list of firm AUM as of May 9, 2022 was posted through Grayscale’s Twitter:

The firm focuses on providing investors with investment vehicles in the cryptocurrency space. Besides, Grayscale manages each investment vehicle, allowing clients to gain exposure to the volatile market while reducing the associated risks.

At the same time, Grayscale mentioned the performance of its three diversified products.

The firm launched the DeFi fund in July last year and currently holds approximately $8 million in assets. However, during the Q1 rebalance, Grayscale removed two assets from its DeFi funds.

Despite the underperformance, the Grayscale crypto fund, the company’s flagship trust, has a chance to receive approval to become an exchange-traded fund. Funds such as the ARK Next Generation ETF and the Morgan Stanley Insight Fund both experienced negative year-over-year performances due to their high exposure to the Grayscale Bitcoin Trust.

Nevertheless, neither of the funds reported dealing with significant shares of GBTC.

Grayscale’s parent company, Digital Currency Group, has tried to reduce the discount by buying back GBTC shares. However, their efforts have been proven ineffective following the launch of ProShares Bitcoin Strategy ETF, which holds futures contracts. This concluded pushing GBTC’s price further away from Bitcoin’s spot price.

Furthermore, the firm shows the lists of some digital assets that are not currently included in a Grayscale investment product, but that has come to their attention as part of their exploration.

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