Digital asset management firm Grayscale revealed on Nov. 6 that its Ethereum Trust had crossed over $1 billion in assets under management (AUM). 

• Grayscale’s Ethereum Trust has $1.1 billion in AUM, the second-biggest product behind its Bitcoin Trust, which holds approximately $7.6 billion
• Grayscale Managing Director Michael Sonnenshein noted that the firm had added over $58 million to its Ethereum Trust this year; the firm made the Ethereum trust an SEC reporting company in Oct. 2020
• With Ethereum 2.0 scheduled for launch in December, investors are anticipating price growth; the asset has experienced a YTD growth of 250%
• On Nov. 7, the company mentioned that its total AUM had crossed over $9 billion, with Bitcoin and Ethereum forming the bulk of the holdings
• The firm’s Bitcoin trust has grown enormously in 2020, increasing in value by $1.6 billion in the first half of 2020; the firm purchased 17,000 BTC in Sep. 2020 alone
• Following the Bitcoin and Ethereum Trusts are the Ethereum Classic and Bitcoin Cash Trusts, with $64.8 and $46 million AUM respectively
• Grayscale’s expanding AUM coincides with growing investor interest -- the firm reported on Oct. 29 2020 that over half of US investors were interested in Bitcoin