Grayscale has just added about $1 billion Bitcoins, increasing its total Assets Under Management (AUM) to about $46.1 billion. As the institutional interests rise, the investment firm included another $1 billion in Bitcoin in just 24 hours. The company now closes to $50 billion with about $46.1 billion of AUM.

Specifically, the company raised its AUM total by over $3 billion quickly after growing crypto-trust offerings. The investment firm expanded its crypto-trust offerings by including five fresh tokens for accredited investors that are eligible.

It is vital to add that the GBTC (Grayscale Bitcoin Trust) accounts for about $38.1 billion of the total AUM of Grayscale, while the ETHE (Ethereum Trust) goes for $6.6 billion. The rest of the trusts, such as Litecoin and Bitcoin Cash, account for others.

Grayscale wants to create a Bitcoin ETF

Significantly, tokens like the Filecoin, Livepeer, LINK, Basic Attention Token, and MANA witnessed a price surge after Grayscale proclaimed that it includes them in a list of the offered Trust. What’s more, the firm increased its total trusts size to 14 after Michael Sonnenshein, the CEO, stated that they view several clients looking for exposure for additional crypto assets.

In another development, Grayscale has announced aims to convert the firm’s prominent investment product, GBTC, to a Bitcoin traded fund. This was done after posting many ETF-related positions on the site’s careers page, even though the company doesn’t consider the present weather regulations in the US suitable for such funds.

Grayscale would remain dedicated to converting GBTC to ETFs since the regulatory environment in the US gets clearer, unlike other investment firms that have already filed for ETFs with S-1 forms.

Grayscale investors are looking for exposure into crypto

Grayscale, founded in 2013, is a digital and currency investment where investors can sell and buy their brokerage accounts. This digital currency investment product became an SEC firm in January 2020, enrolling its shares and designating its Trust as the pioneer digital and currency investment product to have the right of a reporting firm by the Security and Exchange Commission. Grayscale success reflects Bitcoin since its value is taken solely from cryptos.

Grayscale has assumed the most popular asset manager for authorizing investors looking for exposure to crypto-assets and bitcoin. The demand for Bitcoins increased at the start of 2021, according to Michael Sonnenshein, the CEO, stating that demand isn’t decreasing anytime.