October 23, 2019, 5:53AM EDT
• 5 min read

A look at which institutional investors hold Grayscale trust products

Quick Take

  • Total AUM for Grayscale products still sits above $2 billion, but came down 22% since last month. AUM is up 40% Y/Y across investment products
  • According to 13F filings, we found that 1.3% of Grayscale Bitcoin Trust assets (private placement) come from institutional investors with more than $100m in AUM in the U.S. The other 98.3% come from unknown clients under the $100m watermark, or not subject to 13F filings (note 53% of Q3 inflows came from offshore investors)
  • Finally, we found zero institutions with more than $100m in AUM in the U.S. that have owned the Ethereum trust product since inception, also noting that offshore investors aren’t applicable to 13F filings

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