Home
News
- Grayscale’s total AUM increased from $45.2B on April 8 to $46.1B on April 9 and finally equates to $47.7B now
- As if on a buying spree, the world’s largest asset manager bought assets worth $2.6B within four days
- Even as BTC and ETH amount to 97% of Grayscale’s holdings, the firm has shown a significant increase in its interest in altcoins
As evident from the statistics provided in the past few days, the world’s largest digital currency asset manager, Grayscale Investments, seems to be on a buying spree! Yes, you heard that right. Even the famed “crypto giant” is vulnerable to the notorious shopping whims. The only difference is buying cryptocurrencies, millions of them. To be precise, Grayscale bought assets worth $2.6 billion within just four days.
AUM Raise: reported Grayscale’s tweets
Grayscale’s tweet, posted not even 24 hours ago, reads their total assets under management (AUM) now equates to $47.7 billion, which is a remarkable $1.6 billion rise from the $46.1 billion AUM tweeted two days ago. And even that April 9 stats read a clean $1 billion increase from April 8’s $45.1 billion AUM in just 24 hours.
Comparing the 3-day stats (April 8, 9 and 12), each of the 14 existing Grayscale trusts’ under-management assets witnessed a curious change, amounting to $2.6 billion in 4 days. Over 77% of the increase goes to Grayscale Bitcoin Trust (GBTC), AUM raised by $2.0 billion to $37.3 billion; and about 15%, i.e. $0.4 billion, was supplied to Grayscale Ethereum Trust (ETHE) with AUM $6.4 billion.
Investing in Altcoins: other than BTC and ETH
Rest $0.2 billion sums up assets for the remaining 12 trusts:
- Litecoin (LTC) by $40.3 million to $334.6 million,
- Zcash (ZEC) by $15.5 million to $57.7 million,
- Bitcoin Cash (BCH) by $15.3 million to $184 million,
- Ethereum Classic (ECC) by $11.5 million to $234.3 million,
- Stellar Lumens (XLM) by $7.1 million to $33.2 million,
- Decentraland (MANA) by $2.8 million to $16.5 million,
- Horizon (ZEN) by $1.9 million to $44.1 million,
- Filecoin (FIL) by $0.9 million to $7 million,
- Basic Attention Token (BAT) by $0.7 million to $4 million,
- Chainlink (LINK) by $0.2 million to $3.8 million,
- Livepeer (LPT) decreased by $0.1 million to $13.5 million and
- The remaining $29.7 million to Grayscale Digital Large Cap Fund with AUM $527.1 million.
Grayscale’s Promising Presence in Altcoin Market
More than 97% of the asset manager’s holdings are attributed to its Bitcoin (BTC) and Ethereum (ETH) trusts. The firm has recently been in the news for its rising interest in altcoins, crypto assets other than BTC and ETH.
Data shows, over the past 30 days, Grayscale invested in 5,566,271 Stellar Lumens (XLM), 36,215 Litecoin (LTC), 23,105 Zcash (ZEC), and 923 Bitcoin Cash (BCH). Additionally, the firm’s GBTC witnessed an outflow of 1,004 BTC and 1,363 ETH for ETHE.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
