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'#DropGold worked' — Grayscale 'flippens' world's largest gold fund as AUM hits $60B
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Bitcoin (BTC) an altcoin investment firm Grayscale now has more assets under management (AUM) than the world's biggest gold fund.
According to the latest data from issuer Grayscale, Grayscale now controls over $60 billion — $1.7 billion more than leading gold fund, SPDR Gold Shares (GLD).
Grayscale's flagship Bitcoin product, the Grayscale Bitcoin Trust (GBTC), meanwhile contains over 646,000 BTC, worth around $41.75 billion as of Nov. 11.
The figures add to the debate over gold as a store of value
Read more on cointelegraph.comAbout this in other media
Bitcoin AUM falls 9.5% to record largest monthly pullback since July cointelegraph.com /3 years ago
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