Grayscale is the world’s largest cryptocurrency asset manager, holding 650,000 bitcoin under management for high net worth investors.
In total, the firm now holds hover $45 billion worth of cryptocurrencies, of which $38 billion are bitcoin. According to the official announcement, the company has $45.4 billion worth of cryptocurrency assets under management. Grayscale’s Ethereum assets are now valued at more than $5.7 billion. The company bought more than 45,000 ETH in the last 30 days.
Want to acquire Bitcoin, Ethereum and other crypto? Start here.
Grayscale announced its expansion of the company’s portfolio with the introduction of its cryptocurrency investment trusts earlier in the week. The asset manager launched Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL), and Livepeer (LPT) investment trusts.
According to the latest figures, Litecoin is the firms 3rd largest holding. The firm holds over 1.4 million LTC, totalling at $293 million.
Purpose Investments, a Canadian investment management firm, recently announced that its Bitcoin ETF crossed $1 billion in assets under management after one month of launching. Commenting on the landmark achievement, Som Seif, founder and CEO said: “When we launched Purpose Bitcoin ETF, we knew we were filling a void in the market. Hitting this milestone so quickly proves that investors are seeking convenient, safe access to cryptocurrencies and shows their confidence in our ETF as the premier vehicle for that exposure.”
Meanwhile, it’s not just American and European companies that are dabbling in cryptocurrency assets. Meitu, a Chinese technology firm, announced yesterday that the company purchased another $50 million worth of Bitcoin and Ethereum on top of its original $40 million purchase in early March.
Grayscale started this year with nearly $20 billion in cryptocurrency AUM.
Bitcoin’s surge in price and popularity, as well as Ethereum’s have directly contributed towards the record valuation. No doubt, there’s more to come – at least until Grayscale’s ETF filing is approved.
Subscribe to the semi-weekly newsletter for regular insight into bitcoin and crypto. Go on. It’s free.
Join the telegram channel for updates, charts, ideas and deals.
Did you like the article? Share it!