The Crypto Price Boom Has Caused Many Digital Asset Managers To Surpass The Half-Billion-Dollar Mark

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With the emergence of digital assets, many new players have emerged to provide custodial services. These digital asset managers are responsible for storing user funds and trading on behalf of these users. They have one major responsibility: to be a trusted third party that stores client funds and trades on their behalf. These five largest regulated US digital asset managers hold over $46 billion dollars worth of cryptocurrencies.

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The Future of Money with Grayscale

Grayscale, which was founded by its parent company – Digital Currency Group – in 2013, is one of the largest and most well-known firms in the crypto world. Grayscale currently manages more than $40 billion in assets, including Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Zcash (ZEC), Stellar (XLM), Horizen (ZEN) and others. Customers of the fund can choose from a variety of single-asset products and diversified baskets.

A Global Leader in Crypto: Pantera Capital Management

Dan Morehead founded Pantera Capital in 2003 and it is headquartered in California. Panera focuses on a broad range of assets associated with the digital economy – private equity, tokens, and more. 

Panterra manages $4 billion in AUM through four main funds: liquid token fund, early-stage token fund, bitcoin fund, and venture fund.

Bitwise, The First Fully Regulated Cryptocurrency Fund

A team of software experts and experienced asset managers founded Bitwise in 2017, and the company is based in San Francisco. Over $1 billion in AUM is held by this company, which is concentrated in several funds, such as 10 crypto index fund, decentralized finance crypto index fund, Bitcoin fund, and Ethereum fund, among others.

Galaxy Digital: A Company That Will Make Your Crypto Dreams Come True

The firm has offices across the globe, including London, Hong Kong, and Amsterdam, as well as its headquarters in New York. Although Galaxy Digital has a diversified crypto index fund, it focuses primarily on BTC and ETH. In total, Galaxy Digital’s AUM is more than $800 million. Mike Novogratz, the CEO of Galaxy Digital, is a regular commentator on traditional TV news networks such as Bloomberg. Nonfungible tokens, he said recently, will be around for the foreseeable future. The company is also known to mine proof-of-work-based digital assets and to launch a regulated investment vehicle for retail investors.

Wave Financial – Bitcoin Fund Just Got A Lot More Interesting

Wave Financial is based in California and provides several investment options, including funds: Select 5 Index fund, a BTC Income & Growth Digital Fund, Tokenized Real Asset fund (tokenized Kentucky Whiskey Barrels), Active Hybrid Venture capital fund. The fund offers solutions for protocol treasury and inventory management along with crypto treasury and wealth management. Data provided by Wave Financial shows that the fund has $500 million in assets under management.

The ranking

This Cointelegraph Consulting ranking includes only cryptocurrency and blockchain-specific asset managers based in the U.S. for 2021. In addition to traditional asset managers, the list does not include crypto-focused asset managers that invest only in venture capital and private equity. 

The list was compiled by Cointelegraph Consulting, but it’s up to investors to choose the funds that best match their investment goals.

Based on publicly announced AUMs as well as data obtained by emailing several digital asset managers, Cointelegraph Consulting prepared this article. Cointelegraph Consulting is not an investment company, investment advisor, or broker/dealer.

Information contained in this publication should not be construed as investment advice, investment analysis, or an invitation to buy or sell financial instruments. It should not be viewed in place of individual investment advice.Crypto’s Explosive Price Rise Has Catapulted Many Digital Asset Managers Past The Half-Billion-Dollar Mark

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