The world’s largest digital asset manager gives an overview of which assets are most interesting for institutes.

Grayscale has just released a full breakdown of its Managed Cryptocurrencies (AUM), which is over a staggering $ 40 billion.

The majority of Grayscale’s holdings are in the Bitcoin Trust, which is $ 30.37 billion.

The leading smart contract platform Ethereum ranks second at $ 11.49 billion AUM.

The company also offers trust funds for dozens of altcoins with the following holdings:

Ethereum Classic: $ 418.1 million.
Litecoin: $ 229.8 million.
Bitcoin cash: $ 136.6 million.
Decentraland: $ 60.6 million.
Zcash: $ 51.1 million.
Horizon: $ 38.6 million.
Livepeer: $ 25.2 million.
Stellar Lumens: $ 20.6 million.
Solana: $ 9.6 million.
Base Attention Token: $ 7.2 million.
Link: $ 6.2 million.
Filecoin: $ 3.4 million.

Grayscale has an additional $ 508.3 million in its Digital Large Cap Fund and $ 10.6 million in its DeFi fund.

The company recently launched a report 27 pages long on the future of DeFi and its impact on both the crypto and traditional finance industries.

“Crypto creates a personal internet, and DeFi enables these users to own part of the financial ecosystem. DeFi is the third wave of economic growth in the crypto cloud and the next wave of fintech innovation.

The Internet is expanding access to information, and DeFi has the power to do the same for banking. DeFi aims to transform the way people build trust online by offering a new banking alternative for 33 million unbanked households in the US, 1.7 billion unbanked adults worldwide, and 4.6 billion internet users. “

With DeFi accounting for less than 2% of the world’s $ 8 trillion financial services industry, Grayscale believes it is still in the “early stages” of the nascent ecosystem.

Source: grayscale

The report highlights how cryptocurrencies are filling the void caused by high fees and low interest rates consumers experience in traditional banking.

When it comes to potential risk, Grayscale refers to government regulation, hacking vulnerability, and the overall volatility of cryptocurrencies as potential accelerators.

“The regulatory environment for DeFi is still uncertain and it remains to be seen how the US or other regulators will issue guidelines that affect the ecosystem.

DeFi logs have been hacked or errors have occurred resulting in loss of user funds or smart contracts that do not perform as expected due to code errors.

Negative fluctuations in DeFi protocol crypto inventories can seriously affect DApp usage, fee income, governance utility and ultimately token value. “

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