March 28, 2022, 10:55AM EDT
• 13 min read

Grayscale Company Intelligence

Quick Take

  • Grayscale Investments is a leading digital currency asset manager that provides various digital asset exposures for its clients through traditional investment vehicles – Grayscale Investment has an AUM of ~$40 billion as of March 25, 2022
  • With AUM growing from $2 billion to $20 billion at the start of 2021, Grayscale’s key focus was scaling the team and introducing new products to satisfy growing client needs
  • Many Grayscale products currently trade at a significant discount; for short-term alleviation, Digital Currency Group (Grayscale’s parent company) has been buying back shares to supply demand 
  • Last October, Grayscale submitted a proposal to the Securities and Exchange Commission to convert its bitcoin trust into a spot ETF – Grayscale Investments believes crypto-asset ETF conversions can be a long-term solution to the current discount problem but the chance of receiving such approval seems low in the current environment

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