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.
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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Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
