Assets under management giant Grayscale Investments have reached nearly $60 billion, according to the latest reports. The company shared this information on its Twitter account. Of the total, up to 96.1% of the portfolio is Bitcoin and Ethereum ($41.98 billion and $14.53 billion), which is no surprise given the company’s origins. However, it must be acknowledged that the way this company is progressing is at an incredible pace, as the company has only been on the market since 2013 and is, therefore, a complete newcomer.
Michael Sonnenshein, CEO of Grayscale Investments, attributes this rapid progress to a relatively rapid and early recovery of the crypto market. It is literally crazy to imagine that a company that has only been on the market for 8 years is currently the world’s largest cryptocurrency manager. In conclusion, the company’s CEO added that, according to him, their success also stems from the fact that they provided their customers with a very simple and trouble-free way to get to the cryptocurrencies, and we can only agree with that. After all, there is beauty in simplicity.
