Cointelegraph Consulting’s 2021 ranking of the top five United States-based regulated crypto asset management firms highlights that Bitcoin’s explosive growth in price has catapulted many digital asset managers past the half-billion-dollar mark.
As more and more investors are turning to the digital asset market, these companies are on track to becoming important players in the U.S. financial industry.
Grayscale Investments
Grayscale is one of the largest and well-known firms in the crypto world, which was founded in 2013 by its parent organization — Digital Currency Group. Grayscale now has a total of more than $40 billion in assets under management, which consist of investments in Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Zcash (ZEC), Stellar (XLM), Horizen (ZEN) and more. The fund offers various products to its clients, both single-asset products and diversified baskets.
Pantera Capital Management
Pantera Capital was founded in 2003 by Dan Morehead and is headquartered in California. Pantera is focused on a wide range of assets connected with the digital economy — private equity, tokens and more. Pantera’s $4 billion in AUM is distributed among four main funds: liquid token fund, early-stage token fund, Bitcoin fund and venture fund.
Bitwise Asset Management
Bitwise was founded in 2017 by a team of software experts combined with experienced asset managers and is located in San Francisco. This company has more than $1 billion in AUM, which is concentrated in several funds: 10 crypto index fund, decentralized finance crypto index fund, Bitcoin fund, and Ethereum fund, among others.
Galaxy Digital
This firm has several offices across the world including London, Hong Kong and Amsterdam with its headquarters in New York. Galaxy Digital focuses mainly on BTC and ETH, although it also has a diverse crypto index fund. In total, Galaxy Digital’s AUM is more than $800 million. The CEO of Galaxy Digital, Mike Novogratz, is a regular commentator on traditional TV news networks such as Bloomberg. He recently claimed he believes that nonfungible tokens will stay “for the rest of our lives.” They are also known to be involved in mining proof-of-work-based digital assets and launching a regulated investment vehicle for retail investors.
Wave Financial
Located in California, Wave Financial offers several investment solutions such as funds: Select 5 Index fund, a BTC Income & Growth Digital Fund, Tokenized Real Asset fund (tokenized Kentucky Whiskey Barrels), Active Hybrid VC fund. Additionally, the fund offers wealth management solutions for crypto treasury and wealth management, alongside protocol treasury and inventory management. According to data shared by Wave Financial, the fund has $500 million in assets under management.
The ranking
The Cointelegraph Consulting’s 2021 ranking of the largest U.S.-based and regulated digital asset managers only includes asset managers that are dedicated to cryptocurrency and blockchain. Traditional asset managers that have a small allocation to digital assets were not included.
This list also does not include crypto-focused asset managers that are only invested in venture capital and private equity. Cointelegraph Consulting prepared the list, but it’s for investors to decide which of the funds are most in line with their interests.