Today news
About the same in other media
'#DropGold worked' — Grayscale 'flippens' world's largest gold fund as AUM hits $60B
Reading now: 292
Bitcoin (BTC) an altcoin investment firm Grayscale now has more assets under management (AUM) than the world's biggest gold fund.
According to the latest data from issuer Grayscale, Grayscale now controls over $60 billion — $1.7 billion more than leading gold fund, SPDR Gold Shares (GLD).
Grayscale's flagship Bitcoin product, the Grayscale Bitcoin Trust (GBTC), meanwhile contains over 646,000 BTC, worth around $41.75 billion as of Nov. 11.
The figures add to the debate over gold as a store of value and inflation hedge versus Bitcoin, as inflation cuts through the U.S. and global economies.
With gold flagging compared to BTC/USD, the allure of giving capital Bitcoin exposure has arguably never made more sense.
A month after the first Bitcoin
Read more on cointelegraph.comAbout this in other media
Bitcoin AUM falls 9.5% to record largest monthly pullback since July cointelegraph.com /2 years ago
Metaverse will be a Trillion-dollar Market in Future: Grayscale blockchain.news /2 years ago
The metaverse is a $1 trillion opportunity, crypto giant Grayscale says as virtual land sales boom markets.businessinsider.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
