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- On Monday, the entire value of the digital asset management firm’s crypto assets increased
- The crypto asset management firm, based in New York, now manages $33.6 billion in digital assets
- Grayscale’s most valuable asset is Bitcoin (BTC), which the corporation has in excess of 650,000 units
Grayscale, one of the most well-known crypto asset managers, has stated that it currently manages $43.3 billion in crypto assets. Bitcoin and Ethereum represent over 90% of Grayscale’s overall crypto assets value, according to the official announcement on Twitter. Bitcoin has a market capitalization of $36 billion, whereas Ethereum has a market capitalization of $5.8 billion. More than 650,000 BTC and 3.17 million ETH are held by the company. Notably, the corporation has purchased 130 000 ETH in the recent 30 days.
The investments made by Grayscale
Grayscale, the world’s largest cryptocurrency asset management, has provided an update on the digital assets it manages (AUM). The New York-based crypto asset management firm currently handles $33.6 billion in digital assets, according to the latest available numbers.
Grayscale’s most valuable investment is Bitcoin (BTC), which owns over 650,000 of and is worth over $24 billion. The company’s overall Bitcoin holdings surged in value due to the recent spike in the world’s most valuable cryptocurrency. BTC has increased by around 28% in the last seven days.
Ethereum’s trust
Grayscale’s Ethereum (ETH) Trust manages approximately 3 million ETH worth over $7.2 billion. Like Bitcoin, the world’s second-most valuable cryptocurrency has seen a significant increase in recent days. The value of ETH has increased by 29% in the last seven days. Grayscale is a prominent institutional investment in Ethereum. Digital asset management has dramatically boosted its ETH holdings in the recent six months.
Crypto Assets by Grayscale
In May 2021, Grayscale’s total cryptocurrency assets under management hit an all-time high of $52 billion. The company’s crypto AUM has decreased since then due to the current downturn in Bitcoin, Ethereum, and other cryptocurrency assets. In March 2021, the company also created a number of new bitcoin investment trusts to diversify its portfolio. Earlier last month, Grayscale and CoinDesk Indexes launched a Decentralized Finance (DeFi) fund and index.
Michael Sonnenshein, the company’s CEO, addressed it during the company’s DeFi fund launch: Grayscale is committed to providing investors with innovative and exciting ways to participate in the digital asset ecosystem. Decentralized finance protocols are clear examples of technologies that have the potential to reshape the financial services industry’s future. Grayscale’s trusted, safe, and industry-leading investment product structures are happy to provide investors with access to DeFi.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
