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The world’s largest crypto assets manager purchased 3,347 Ethereum in the last 24 hours.

Grayscale has purchased 19,355 ETH in the last 7 days. The digital asset manager now has 3.17 million ETH under management, worth nearly $4.86 billion.

Per the latest data from bybt.com, Grayscale purchased 3,347 ETH, worth about $5.2 million in the last 24 hours. The asset manager has sped up its accumulation since the reopening of the Ethereum trust in January 2021.

In total, the firm bought 243,519 ETH worth more than $380 million in the last 30 days.


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The data also shows that Grayscale accumulated ZEC, ZEN and XLM yesterday. The company has a total of 303,000 ZEC, 604,000 ZEN, and 63 million XLM under management.

The asset manager reported minor outflows over the last 24 hours as well. Ninety-six Bitcoin worth nearly $4.7 million left Grayscale yesterday along with 148 Litecoin (LTC), 59 Bitcoin Cash (BCH), and 3,027 Ethereum Classic (ETC).

Due to the recent dip in valuations, digital assets under management stand at around $37.4 billion, down from $42.4 billion on 20 February.


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While Bitcoin and Ethereum account for over 90% of Grayscale’s total digital assets under management, the company is adding DeFi assets as well.

In a recent press release, Grayscale mentioned its interest in 23 digital assets including Aave, Chainlink, Polkadot, Cardano, and EOS for new investment products.

We’re eager to expand our product offerings to better serve our investors. The digital currency universe is constantly evolving and we seek to identify bold, interesting, and innovative opportunities that satisfy our investors’ demand for differentiated exposure to this burgeoning asset class,” Grayscale CEO, Michael Sonnenshein said.

This came a few days after Ethereum registered an all-time high of $2,020 in late February. At the time of publishing, ETH trades just over $1,580 with a total market cap of $180 billion.

With Layer 2 scaling solutions just around the corner, all signs point north for the cryptocurrency platform.


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