Cointelegraph Consulting's 2021 rating of the highest 5 United States-based regulated crypto asset administration corporations highlights that Bitcoin's explosive rise in value has catapulted many digital asset managers previous the half-billion greenback mark.
With an increasing number of buyers turning to the digital belongings market, these corporations are on monitor to change into main gamers within the US monetary trade.
Investments in shades of grey
Grayscale is among the largest and well-known corporations within the crypto world, which was based in 2013 by its guardian group – Digital Forex Group. Grayscale now has greater than in complete $ 40 billion in assets under management, which encompass investments in Bitcoin (BTC), Ether (ETH), Bitcoin Money (BCH), Litecoin (LTC), Zcash (ZEC), Stellar (XLM), Horizen (ZEN) and extra. The fund provides its purchasers a wide range of merchandise, each single-asset merchandise and diversified baskets.
Pantera Capital Administration
Pantera Capital was based in 2003 by Dan Morehead and is headquartered in California. Pantera focuses on all kinds of belongings associated to the digital economic system – personal fairness, tokens and extra. Pantera has $ 4 billion in assets under management is split into 4 most important funds: liquid token fund, early stage token fund, bitcoin fund and enterprise fund.
Bitwise Asset Administration
Bitwise was based in 2017 by a staff of software program specialists mixed with skilled asset managers and relies in San Francisco. This firm has greater than $ 1 billion in AUM, which is concentrated in several funds: 10 crypto index fund, decentralized monetary crypto index fund, Bitcoin fund and Ethereum fund amongst others.
This workplace has a number of workplaces world wide together with London, Hong Kong and Amsterdam with headquarters in New York. Galaxy Digital primarily focuses on BTC and ETH, but additionally has a various crypto index fund. In complete, Galaxy Digital's AUM is greater than $ 800 millionGalaxy Digital CEO Mike Novogratz is a daily commentator on conventional TV information networks akin to Bloomberg. He not too long ago claimed that he believes intangible tokens will final "for the remainder of our lives." They’re additionally recognized to be concerned in mining proof-of-work based mostly digital belongings and launching a regulated funding automobile for retail buyers.
Based mostly in California, Wave Monetary provides varied funding options akin to funds: Choose 5 Index fund, a BTC Earnings & Progress Digital Fund, Tokenized Actual Asset (tokenized Kentucky Whiskey Barrels) fund, Lively Hybrid VC fund. As well as, the fund provides asset administration options for crypto treasury and asset administration, along with protocol treasury and stock administration. In line with knowledge shared by Wave Monetary, the fund has $ 500 million in belongings below administration.
The Cointelegraph Consulting's 2021 rating of the most important US-based and controlled digital asset managers contains solely asset managers devoted to cryptocurrency and blockchain. Conventional asset managers with a small allocation to digital belongings weren’t included.
This listing additionally doesn’t embody crypto-focused asset managers invested solely in enterprise capital and personal fairness. Cointelegraph Consulting has ready the listing, however it’s as much as buyers to resolve which of the funds is most according to their pursuits.
This text was ready by Cointelegraph Consulting and the outcomes of the rating are based mostly on publicly introduced AUMs and knowledge obtained by sending an e-mail to numerous digital asset managers. CoinTelegraph Consulting isn’t an funding firm, funding advisor or dealer / vendor.
This publication is for informational functions solely and doesn’t signify funding recommendation, funding evaluation or an invite to purchase or promote monetary devices. Specifically, the doc isn’t an alternative choice to particular person investments or different recommendation.
Disclaimer: Wave Monetary is a featured fund of one of many sponsors of Cointelegraph Consulting and its inclusion didn’t have an effect on this rating.