Grayscale

Grayscale: $24B AUM, holds 3%+ of all Bitcoin, charges a premium

Shaan describes Grayscale's GBTC as a money printer: $24 billion in AUM, holding over 3% of all Bitcoin, charging a 2% management fee plus trading at a premium to its underlying holdings, likely making its operators over a billion dollars.

“So they now have $24 billion in assets under management as a pretty new thing. They are buying some sick amount of Bitcoin. I think they hold over 3% of all Bitcoin now. And the crazy thing is everybody who's buying the Bitcoin from there is buying it at a premium because they have not only a management fee of 2%, they literally just trade at a higher price than their underlying Bitcoin holdings.”