Grayscale’s Total Assets Under Management Hits $60B

Along with the milestone for Grayscale funds AUM, the firm passes SPDR Gold Shares (GLD), the world’s largest gold ETF.

article-image

Digital Currency Group founder and CEO Barry Silbert; Blockworks exclusive art by axel Rangel

share

key takeaways

  • The flagship Grayscale Bitcoin Trust (GBTC) now has $43.5 billion in AUM
  • The GLD ETF has assets under management of roughly $57 billion

Digital Currency Group’s Grayscale Investments announced Wednesday that the firm’s total assets under management exceeded $60 billion for the first time, eclipsing the AUM for the world’s largest gold ETF, the SPDR Gold Shares, which had $57.3 billion as of November 9.

DCG founder and CEO Barry Silbert shared the news on Twitter:

Loading Tweet..

While Grayscale maintains positions in dozens of assets across its 15 funds, over 97% are concentrated in just two funds: The Bitcoin Trust (GBTC) at 72% and the Ethereum Trust (ETHE) at 25%. The firm plans to convert GBTC into a spot ETF, although the SEC has yet to greenlight any spot bitcoin ETFs to date. 

In the wake of bitcoin futures ETF launches by ProShares and Valkyrie, with more on the way, Grayscale is also seeking to launch an equity ETF to provide digital asset exposure through conventional shares of publicly traded companies.

Grayscale CEO Michael Sonnenshein told CNN that GBTC holds greater than 3% of all bitcoins in existence, and is confident that a conversion to an ETF will be approved:

“When we do see that approval — because it will be a when not and if — we do think it will draw in more investors and more capital into the ecosystem.”

Digital Currency Group maintains a vast portfolio of web3 companies, and recently raised a $700 million investment round, valuing the enterprise at $10 billion.


Get the day’s top crypto news and insights delivered to your inbox every evening. Subscribe to Blockworks’ free newsletter now.


Tags

Upcoming Events

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates.png

Research

Despite ending its points program, Hyperliquid has maintained a dominant market position with 77% of perpetuals DEX volumes, though overall volume has decreased from early 2025. It is the only DEX that has been able to compete with CEX volumes. Hyperliquid's success stems primarily from rapid, relevant token listings and superior UX for users and market makers, particularly its API - which is how market makers interact with the protocol. The controversial oracle price override during the JELLY incident exposed risks in the Hyperliquid Liquidity Pool (HLP), though the team has since implemented risk management adjustments. The HyperEVM is currently underoptimized and lacks necessary precompiles, but represents an important strategic expansion to enable asset issuance and DeFi composability.

article-image

Both CeFi and DeFi lending have made a comeback, Galaxy noted

article-image

Blueprint Finance has launched a rebranded and re-engineered protocol today on Solana mainnet

article-image

Panelists from Coinbase, Uniswap Labs and NYSE were among those making recommendations on crypto trading rules

article-image

Trump says he’s “flexible” on electronic tariffs, and that more developments are “coming up”

article-image

Abstract app Bigcoin has polarized Crypto Twitter with its mining simulator

article-image

ColliderVM promises validity-based computation on Bitcoin—no soft fork required