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Crypto Firm Grayscale Reports Record AUM for 2020
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investopedia.comSkyrocketing Bitcoin (BTCUSD) prices coupled with greater institutional interest in cryptocurrencies powered crypto investment firm Grayscale to its best year ever in 2020. The New York-based firm witnessed «unprecedented investor demand,» and its assets under management (AUM) rose by more than 10 times to $20.2 billion last year, according to a recent digital asset investment report. The last quarter of 2020 was especially pivotal to Grayscale's operations, accounting for approximately $3.3 billion in inflows. That figure is equal to roughly 58% of the year's total investments and nearly half of the $7 billion lifetime flow of investments into Grayscale's products.
Last year, investors poured money into the Grayscale Bitcoin Trust (<a
Read more on investopedia.comAbout this in other media
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