Crypto asset management has become an increasingly popular field as the use of cryptocurrencies has grown in recent years. There are now many large crypto asset management firms that oversee the investment of digital assets on behalf of their clients.
One of the largest crypto asset managers is Grayscale Investments. Founded in 2013, Grayscale is a digital currency asset manager that offers a range of investment products, including trusts, funds, and indices, to institutional and accredited investors. As of December 2021, Grayscale had more than $40 billion in assets under management (AUM).
Another large crypto asset manager is Bitwise Asset Management. Founded in 2017, Bitwise is a pioneer in the field of cryptocurrency index funds and currently manages over $600 million in AUM. The company offers a range of index funds that track the performance of the overall cryptocurrency market, as well as individual funds that focus on specific cryptocurrencies such as Bitcoin and Ethereum.
Coinbase is also a major player in the crypto asset management space. In addition to its popular cryptocurrency exchange platform, Coinbase offers a range of investment products, including the Coinbase Index Fund, which provides exposure to a basket of cryptocurrencies. As of December 2021, Coinbase had over $20 billion in AUM.
Other notable crypto asset managers include Pantera Capital, a venture capital firm that focuses on investments in blockchain and digital currency companies, and Galaxy Digital, a full-service digital asset firm founded by former Goldman Sachs partner Mike Novogratz.
In summary, Grayscale, Bitwise, Coinbase, Pantera, and Galaxy Digital are among the largest and most well-known crypto asset managers in the industry. They offer a range of investment products and services to institutional and accredited investors and have a combined AUM of over $100 billion.