Grayscale Ethereum Trust Records $1 Billion In Assets Under Management (AUM)

Leading digital assets management Grayscale’s Ethereum Trust has surpassed $1 billion in assets under management (AUM). The Grayscale Ethereum Trust gives ETH investors a form of security while the investors escape issues related to buying, storing, and keeping ETH directly. The management firm announced the achievement in a tweet on the 5th of November:

“MILESTONE: Grayscale Ethereum Trust has hit $1 billion AUM! As the first publicly-quoted ETH investment product in the US and the second digital currency investment product to become an SEC reporting company, we’re proud of the milestones so far.”

Following its registration with the Securities and Exchange Commission (SEC), the GrayScale Ethereum Trust became a registered reporting company. Now, it would begin to file quarterly and annual reports with the SEC. 

Grayscale Bitcoin Trust also recorded its largest weekly inflow in history in the past week. The company’s Bitcoin Trust had a weekly flow of $215 million amid the continuous surge in Bitcoin’s price. BTC is currently up 4.04% to $15,489.98.

According to Cointelegraph, the record inflow equals 15,907 BTC. In total, the management firm now controls 481,711 BTC worth $6.7 billion at the time of the report. The report further noted that Grayscale is on the run to control 5% (926,600 BTC) of the entire BTC circulation supply by the end of the coming year. 

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