Grayscale now has more than $36 billion worth of Bitcoin under management

Grayscale now has more than $36 billion worth of Bitcoin under management
фото показано с : zycrypto.com

2021-3-12 17:09

Grayscale, one of the largest crypto asset managers, recently announced that it now has $43.3 billion worth of crypto assets under management.

In the official announcement on Twitter, Bitcoin and Ethereum account for over 90% of Grayscale’s crypto assets’ total value. Bitcoin accounts for $36 billion of the current holdings, while Ethereum stands at $5.8 billion. The company has more than 650,000 BTC and 3.17 million ETH. Notably, In the last 30 days, the company has purchased 130 000 ETH.

As per data provided by analytics service Bybt, Grayscale has acquired enormous amounts of various cryptocurrencies, including Litecoin (LTC) and Bitcoin Cash (BCH), following the recent surge in crypto prices.

According to reports, Grayscale acquired about 80% of the total mined Litecoin in February. Currently, the cumulative value of the company’s LTC assets under management is circa $294 million. On March 3, Grayscale bought 1822 BCH worth $955,165 and 80300 ETC worth $895,949. Grayscale’s BCH assets stand at $160 million (290000 BCH). In addition, the company holds ZEN, ZEC, XLM, and Ethereum Classic.

Recently, the company announced that it is planning to add 23 digital assets. This will include Chainlink, Polkadot, Cardano, Aave, and Tezos, among others.

Last year, Grayscale started with just $2 billion in assets. By the end of last year, the company saw over 900% increase in its assets under management to more than $20 billion. At the time, Michael Sonnenshein, CEO at Grayscale, attributed the growth to investment from institutional investors, especially hedge funds investors. In its Q4 2020 report, Grayscale noted that:

“The average commitment among institutions is also growing at a significant pace. The average commitment from institutions was $6.8 million, up from an average of $2.9 million in 3Q20.”

Last month, Grayscale announced its crypto assets under management had passed the $30 billion mark. The firm now offers nine different crypto investment products after closing the XRP trust following the Securities Exchange Commission’s ongoing issues with Ripple.

The remaining products are Grayscale’s Bitcoin Trust, Ethereum Classic Trust, Horizen Trust, Litecoin Trust, Bitcoin Cash Trust, Ethereum Trust, the large-cap digital fund, Stellar Lumens Trust, and Zcash Trust. 

Grayscale has the leading Bitcoin Trust in the world. Altshuler Shaham, an Israeli pension company, is among the many investment houses that have invested in the trust. According to reports, the company has sunk $100 million into the Grayscale Bitcoin Trust (GBTC).

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

grayscale crypto under management bitcoin worth assets

grayscale crypto → Результатов: 126


Фото:

Grayscale Set to Launch Crypto Ad Campaign on CNBC, MSNBC, FOX, and FOX Business

Grayscale Investment, the world’s largest crypto asset fund manager is bringing bitcoin (BTC), ether (ETH) to people’s television. A Well-Timed Campaign? In a recent tweet, Barry Silbert, the founder and CEO of Digital Currency Group, the parent firm of Grayscale Investment, Genesis Trading, and crypto publication Coindesk stated that Grayscale is set to kick-start a nationalRead MoreRead More.

2020-8-9 15:07


XRP Rated as Security while Bitcoin, Litecoin, & Monero has the Least Score: Crypto Rating Council

Cryptocurrency exchanges and investment platforms have taken it upon themselves to determine which crypto asset is a security and which isn’t. Coinbase, Kraken, Bittrex, Circle, Genesis, Grayscale, DRW Cumberland, and Anchorage have come together to create the Crypto Rating Council to decide which digital assets can and cannot trade on their platforms. The framework results […]

2019-10-1 21:54


BitGo Warns About Xapo Customers Expressing Worry Regarding The Latest Coinbase Custody Deal

At the beginning of the month, BitcoinExchangeGuide reported about Grayscale Investments entering into agreements with Coinbase Custody to serve as its Custodian, effective July 29, 2019. Grayscale joined a roster of world-class institutions that have chosen to partner with Coinbase Custody, including leading crypto funds like Polychain Capital, Autonomous Partners, a16z crypto, and many more. […]

2019-8-15 20:01


U.S Securities and Exchange Commission’s acceptance of crypto is ‘a question of when not if,’ claims Barry Silbert

Proponents of the cryptocurrency industry have been responsible for the creation of awareness within the digital asset ecosystem. One of the industry’s major advocates has been Grayscale Investments’ CEO, Barry Silbert, who was in the limelight recently owing to the organization’s DropGold campaign.

2019-7-13 19:30


Фото:

Bitcoin [BTC] is the new gold for modern-day investors, suggests Grayscale’s latest research

Bitcoin’s [BTC] entry into the financial market has finally been acknowledged by the world after a painfully long decade of proving its relevance. While recent conversation has revolved around the comparison between crypto (mainly BTC) and fiat, the crypto-ecosystem has forced the new generation of investors to re-evaluate the value of gold, in terms of […] The post Bitcoin [BTC] is the new gold for modern-day investors, suggests Grayscale’s latest research appeared first on AMBCrypto.

2019-6-8 21:00


Multi-Billion Crypto Manager Sees Next Halving Triggering Bitcoin Price Boom

By CCN: In the past six months, the bitcoin price has increased from around $4,000 to $8,000, recording a staggering 115 percent year-to-date gain against the U. S. dollar. Historically, the bitcoin price has tended to recover a year before and after the block reward halving, a mechanism that decreases the rate in which new bitcoin is produced by miners by half.

2019-6-7 16:14


Bitcoin Price Shatters $11,000 on GBTC’s 37% Premium Over Skyrocketing Demand

By CCN: In the past month, within a 30-day span, the bitcoin price has surged 60 percent against the U. S. dollar to about $8,500 as the valuation of the crypto market rose by $100 billion. Major crypto assets such as ethereum, litecoin, and EOS have seen gains above 100 percent year-to-date, with Binance Coin, the seventh most valuable crypto asset in the global market, recording a staggering 437 percent gain against the USD.

2019-5-29 11:08