Leading cryptocurrency asset manager Grayscale announced that the sum of its entire AUM surged to $50.6 B.
This is an unprecedented case of any digital asset manager's total AUM surpassing $50 B.
The major part around $41 billion comes from Bitcoin trust. This is connected with Bitcoin's new record high of $64,500 reached on April 14.
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Grayscale's Assets Under Management Crossed $50 B