Best Cryptocurrency Exchange

Crypto Brought in $9.3 Billion in 2021, Grayscale Remains Top Asset Manager

Crypto Brought in $9.3 Billion in 2021, Grayscale Remains Top Asset Manager
Written by publisher team

Cryptocurrency investment managers ended 2021 with $62.5 billion in assets under management, with bitcoin and bitcoin-related funds the biggest draw for investors, according to a CoinTelegraph report. The latest data from CoinShares shows that inflows of crypto investment products grew from $6.8 billion in 2020 to $9.3 billion in 2021, reflecting increased interest from individual and institutional investors.

Bitcoin-related funds brought in the largest part of the pie with $6.3 billion in inflows this year, while ether-linked products attracted $1.4 billion. Funds containing a variety of crypto assets managed to generate $775 million in inflows for 2021 as the entire space grew.

Grayscale remains the largest crypto asset manager, with $43.5 billion in assets under management as of January 3, according to Twitter. the Grayscale Bitcoin Fund (GBTC) It remains their largest fund with just over $30 billion in assets under management, followed by Ethereum Grayscale Fund (ETCG) About $11.8 billion in assets under management.

image source: Twitter Grayscale

2021 saw the launch of 37 new mutual funds within cryptocurrency, compared to 24 in the previous year, as the appetite for crypto products increased from investors. The past year has also seen cryptocurrencies reach the trillions of dollars mark as an asset class, attracting the attention of advisors and investors.

The launch of bitcoin futures funds in the US later this year has increased interest and opportunity for bitcoin and the crypto space in general, adding more investable crypto assets which equates to further growth.

Investing in bitcoin in grayscale

For investors looking for a way to get exposure to the world’s largest cryptocurrency, Grayscale offers Grayscale Bitcoin Fund (GBTC). The fund is measured against the CoinDesk Bitcoin Price Index and seeks to reflect the value of Bitcoin (BTC) the fund holds with the value of the shares.

The fund allows investors to be exposed to bitcoin through a secure structure. By gaining exposure in the form of a security, investors will not have to buy, store and hold Bitcoin (BTC) themselves. Bitcoin is stored via the box in a cold storage with Coinbase as the custodian.

GBTC allows investors to have shares in their name that are auditable, easy for financial and tax advisors to calculate, and easy to transfer to beneficiaries. The trust is an SEC reporting company registered under Section 12(g) of the Securities Exchange Act of 1934.

The fund has an annual fee of 2.0% and currently has $30 billion in assets under management.

For more news, information and strategies, visit the Crypto channel.

About the author

publisher team