Michael Sonnenshein, managing director of Grayscale Investments, talks about the strong growth in investment in its products, with inflows in Q2 totaling more than $900 million, bringing assets under management to over $5 billion. He discusses how Grayscale:
- saw more than $900 million in investment in Q2, up from $500 million in Q1
- why the macro environment is causing investors to focus on crypto
- why investors are expressing growing interest in the Grayscale Ethereum Trust
- how 80% of Grayscale investors have exposure to more than one asset
- which types of investors are coming in
- what developments within the crypto space are also leading to the increased inflows into Grayscale products
- Grayscale’s filing of a Form 10 for the Grayscale Ethereum Trust, which will enable it to become an SEC-reporting company
- why it is doing so for the Ethereum Trust as opposed to Ethereum Classic
- how the Grayscale Bitcoin Cash and Litecoin Trusts will soon by publicly trading
- what metrics they use to determine whether to bring a digital asset to market
- who are attracted to the Grayscale Digital Large Cap fund (GLDC)
- how Grayscale grew to have $5 billion in assets under management
Thank you to our sponsors!
Crypto.com: https://www.crypto.com
Nexo: https://www.nexo.io
Episode links:
Michael Sonnenshein: https://twitter.com/Sonnenshein
Grayscale: https://grayscale.co
Grayscale’s filing of the Form 10 for the Ethereum Investment Trust: https://www.forbes.com/sites/michaeldelcastillo/2020/08/06/valuable-sec-data-on-20-institutional-bitcoin-investors-could-soon-disappear/#27352c561de2
Links from news recap:
https://unchainedpodcast.com/a-99-drop-in-value/