{"id":227297,"date":"2021-04-15T06:23:00","date_gmt":"2021-04-15T03:23:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/grayscale-tops-50-billion-will-soon-pass-worlds-largest-commodity-etf\/"},"modified":"2021-04-15T06:23:00","modified_gmt":"2021-04-15T03:23:00","slug":"grayscale-tops-50-billion-will-soon-pass-worlds-largest-commodity-etf","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/grayscale-tops-50-billion-will-soon-pass-worlds-largest-commodity-etf\/","title":{"rendered":"# Grayscale tops $50 billion: \u2018Will soon pass world\u2019s largest commodity ETF\u2019"},"content":{"rendered":"<p>&#8220;<strong># Grayscale tops $50 billion: \u2018Will soon pass world\u2019s largest commodity ETF\u2019 <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvNWFiZWE1ZmYtMjA2Ni00ZThlLTgzZDEtYWM4ZDkxMzYwMTMzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Major U.S. asset manager Grayscale has just surpassed $50 billion in cryptocurrency assets under management for the first time. Grayscale&#8217;s AUM is creeping ever closer to the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.spdrgoldshares.com\/usa\/\">$57 billion<\/a> holdings of the largest commodity ETF. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">MILESTONE: We just reached $50 billion AUM. Yet another reason to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/GoGrayscale?src=hash&amp;ref_src=twsrc%5Etfw\">#GoGrayscale<\/a>. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Jrk7n6TAOI\">pic.twitter.com\/Jrk7n6TAOI<\/a><\/p>\n<p>\u2014 Grayscale (@Grayscale) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Grayscale\/status\/1382434970304712712?ref_src=twsrc%5Etfw\">April 14, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>The company has plans to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/grayscaleinvest.medium.com\/grayscales-intentions-for-a-bitcoin-etf-b11e4faf4c05\">convert into an ETF<\/a> when regulations allow.\u00a0<\/p>\n<p>If the ETF had been <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved already, Grayscale would be the second-largest commodity ETF behind SPDR Gold Shares. GLD is a physically-backed gold exchange-traded fund (ETF) with listings on stock exchanges in the U.S., Mexico, Singapore, Japan, and Hong Kong.<\/p>\n<p>Grayscale CEO Michael Sonnenshein <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Sonnenshein\/status\/1382296293494640643?s=20\">tweeted<\/a> that he believes the Grayscale Bitcoin Fund, or GBTC, is likely to surpass the GLD fund by market cap in a few months.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">&#8216;We believe gold symbolizes the diminishing potential for sustained commodity-price advances, notably vs <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>. Assets in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Grayscale?ref_src=twsrc%5Etfw\">@Grayscale<\/a>&#8216;s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24GBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$GBTC<\/a>, the dominant on-exchange vehicle, are set to pass funds in the leading gold-ETF tracker <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24GLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$GLD<\/a> in a few months&#8217;<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mikemcglone11?ref_src=twsrc%5Etfw\">@mikemcglone11<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/JSeyff?ref_src=twsrc%5Etfw\">@JSeyff<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/YQwA6M5WFm\">pic.twitter.com\/YQwA6M5WFm<\/a><\/p>\n<p>\u2014 Michael Sonnenshein (@Sonnenshein) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Sonnenshein\/status\/1382296293494640643?ref_src=twsrc%5Etfw\">April 14, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Grayscale provides cryptocurrency exposure to institutional investors and holds approximately 660,000 BTC in total representing 3.5% of Bitcoin\u2019s 18.68 million circulating supply. Almost 655,000 of these are held in Grayscale&#8217;s Bitcoin Trust.<\/p>\n<p>Grayscale doesn\u2019t just deal in Bitcoin, with almost 20% of the company\u2019s AUM spread across a dozen other cryptocurrencies including Ethereum ($7.4b), Litecoin ($405m), Ethereum Classic ($267m), and Bitcoin Cash ($234m). In the last month, five more trusts were created \u2014 Decentraland&#8217;s MANA ($18.6m), Livepeer ($13m), Filecoin ($7.7m), Basic Attention Token ($4.8m) and Chainlink ($4.5m).<\/p>\n<p>The firm is already the largest U.S. digital asset manager by a large margin, with Pantera, the second-largest manager, holding only $4.3 billion, less than one-tenth of the $50 billion held by Grayscale.<\/p>\n<p>Yesterday the asset manager announced a partnership with Time Magazine to produce an educational crypto videos <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a>. The magazine also agreed to receive payment in Bitcoin and hold the digital asset on its balance sheet.<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/grayscale-tops-50-billion-will-soon-pass-world-s-largest-commodity-etf\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Grayscale tops $50 billion: \u2018Will soon pass world\u2019s largest commodity ETF\u2019 &#8221; Major U.S. asset manager Grayscale has just surpassed $50 billion in cryptocurrency assets under management for the first time. Grayscale&#8217;s AUM is creeping ever closer to the $57 billion holdings of the largest commodity ETF. MILESTONE: We just reached $50 billion AUM&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":227298,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvNWFiZWE1ZmYtMjA2Ni00ZThlLTgzZDEtYWM4ZDkxMzYwMTMzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,75849,74891,76550,117,71835],"class_list":["post-227297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-etf","tag-ethereum","tag-grayscale","tag-business","tag-gold"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/227297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=227297"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/227297\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/227298"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=227297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=227297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=227297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}