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Grayscale holds $36.5 billion cryptocurrencies AUM

Grayscale holds $36.5 billion cryptocurrencies AUM
Grayscale (Courtesy: Twitter)

The digital assets management firm, Grayscale, revealed today that the total value of its crypto AUM has reached $36.5 billion. This is the highest level till now in the history of its company operations. As per the official announcement by Grayscale, Bitcoin remained the most comprehensive holding of the company. It has approximately 650,000 Bitcoin under management.

Additionally, the total value of the firm’s Bitcoin assets attains roughly $30.7 billion. Grayscale acquired 493 BTC worth almost 23 million in the last 24 hours. The cryptocurrency asset manager expedited its Bitcoin acquisition in the previous 30 days with the buying of 43,217 BTC. Grayscale purchased 116,174 Ethereum during the last four weeks as the total value of the company’s ETH holding crossed over $5.4 billion.

Moreover, Grayscale added 12,450 ETH worth approximately $22.5 million in the last 24 hours. Grayscale welcomed this year with around $20 billion in digital AUM. The price surge in Bitcoin, Ethereum, and Litecoin advanced the valuation of the company’s assets to a record high. Grayscale also stimulated its collection of Bitcoin and Ethereum as the fund witnessed recording institutional inflows.

Grayscale increases its altcoin holdings

Besides Bitcoin and Ethereum, Grayscale has also increased its altcoin holdings with a prominent accumulation of crypto assets such as Litecoin, Bitcoin Cash, and Ethereum Classic. The company bought 9,803 Litecoin worth approximately $1.9 million in the last 24 hours. Therefore, the total value of Grayscale’s Litecoin holding under management approached $236 million. The asset manager purchased 414 BCH worth almost $218,000 in a single day as its BCH holding’s total value reaches about $137 million. 

Nevertheless, Grayscale has a total of 12.29 million Ethereum classic worth approximately $120 million. The firm also has ZEC, ZEN, and XLM under management. Moreover, in January, Grayscale’s XRP Trust’s liquidation took place after the SEC’s lawsuit against Ripple Labs and the company’s executives. The company announced its most significant cryptocurrency asset increase on 15 January 2021 with more than $700 million into its investment products.

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