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Grayscale Bitcoin Trust GBTC AUM increased to $2,745.5M

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#1
Grayscale Investments, LLC, is the world’s largest digital currency asset manager.  According to the latest report, GBTC assets under management (AUM) increased to $2,745.5M. 

Total AUM: $3.0 billion

The Trust is currently trading at a nearly 25% premium to the value of the underlying cryptocurrency that it holds.

The GBTC premium follows Grayscale’s resumption of the private placement of its shares.

Grayscale Bitcoin Trust also is the first SEC reporting company since Jan 21, 2020. That means that Grayscale now is traditional security company.

Many institutions restrict investments in instruments that are not registered with the SEC and a broader set of investors may now begin to consider the Trust accordingly, which will help the company further increase the funds under management.

@TradeCryptoNow
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