TheNew York-based Digital Currency Group Inc. has been established by Barry Silbert in 2015. Silbert began investing in bitcoin companies in 2013.
The Digital Currency Group crypto empire includes the crypto trading platform Genesis (www.genesistrading.com) and the leading crypto publication CoinDesk (www.coindesk.com). The Grayscale Bitcoin Trust (GBTC) was one of the big BTC buyers in the 2020 crypto bull-run and held more than $17.4B worth of BTC as of December 31, 2020. Besides GBTC, Grayscale Investments manages several other crypto trusts that specialize in specific cryptocurrencies. With the crypto prices rise in the last three weeks of December 2020, Grayscale Investments started 2021 with more than $20B digital Assets Under Management (AUM) in its different crypto trusts. With management fees ranging from 2% to 2.5%, Grayscale Investments, as the trusts management firm, earns more than $400 million in management fees with its approximately 20 employees.