Grayscale Investments has released updated holdings data for its Bitcoin and Ethereum funds as of August 2nd:
Key Fund Metrics
Grayscale Bitcoin Trust (GBTC)
- BTC Holdings: 240,140.0663 BTC
- Assets Under Management (AUM): $15,026,416,447.41
- Outstanding Shares: 300,880,100
Bitcoin Mini Trust
- BTC Holdings: 30,226.9427 BTC (new record)
- AUM: $1,891,407,111.72
- Outstanding Shares: 340,800,100
Grayscale Ethereum Trust (ETHE)
- ETH Holdings: 2,004,828.0171 ETH (3.8% decrease from last quarter)
- AUM: $6,032,467,358.62
- Outstanding Shares: 236,658,500
Ethereum Mini Trust
- ETH Holdings: 353,880.1199 ETH
- AUM: $1,064,814,664.49
- Outstanding Shares: 375,548,500
Market Implications
👉 Why institutional crypto holdings matter for understanding broader market trends. The $15 billion GBTC market cap still represents significant institutional exposure despite recent outflows.
The Bitcoin Mini Trust crossing 30K BTC demonstrates growing demand for smaller-denomination BTC investment vehicles. This could signal increased retail participation through regulated products.
FAQ Section
Q: Why is GBTC's AUM decreasing?
A: The decline reflects both Bitcoin price fluctuations and ongoing investor migrations to newer spot ETFs with lower fees.
Q: What's the significance of the Mini Trusts?
A: These products lower investment minimums, making crypto exposure more accessible while maintaining institutional-grade custody.
Q: How often does Grayscale update holdings?
A: Holdings are updated daily, but comprehensive reports like this typically come quarterly.
Q: Are the Mini Trusts available to international investors?
A: Currently only available to accredited US investors, though 👉 global crypto ETP options continue to expand.
Q: What happens to ETHE when spot Ethereum ETFs launch?
A: Similar to GBTC's transition, expect conversion to a spot ETF structure with potential fee reductions.
Key Takeaways
- Institutional crypto products show dynamic capital flows
- Mini Trust growth indicates demand for fractional exposure
- Ethereum funds seeing larger percentage outflows than Bitcoin
- All figures represent non-GAAP accounting methods
Note: This analysis excludes promotional content and focuses solely on verifiable fund data.