Grayscale's investment in Ethereum exceeds $10bn

Ethereum exceeds

The management company holds the cryptocurrency for a total of over $44bn.

Assets managed by the Grayscale Ethereum Trust have exceeded $10 billion, which equates to a value of more than 3 million altcoins at the market rate. The Grayscale management company is one of the largest holders of Vitalik Buterin's altcoin. It is gradually increasing its Ethereum holdings: in February, for example, it increased its portfolio by 20,000 ETH.

08/23/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products. Total AUM: $44.8 billion $BTC $BAT $BCH $LINK $MANA $ETH $ETC $FIL $ZEN $LTC $LPT $XLM $ZEC $UNI $AAVE $COMP $CRV $MKR $SUSHI $SNX $YFI $UMA $BNT $ADA

Since the last report, the value of all cryptocurrency assets under Grayscale's management has risen from $41.4 billion to $44.8 billion. Initially, the company provided investors with the ability to invest in bitcoins. Now, in addition to the largest cryptocurrencies by capitalisation, Grayscale customers can invest in altcoins, including decentralised finance.

Grayscale also has Ethereum Classic worth over $800 million and Litecoin worth around $300 million in its portfolio, as well as over 640,000 BTC worth $32 billion. Grayscale is the world's largest cryptocurrency asset manager.

In early August, the company hired former head of index provider Alerian David LaValle as head of ETF funds. LaValle will work to convert Grayscale Bitcoin Trust and the company's other funds into ETFs. Grayscale also plans to hire around ten more professionals to work on the ETFs.

To help make the job easier, we've gathered the below reviews of the best wallets for sending, receiving and storing Ethereum.

Related Posts

Compass launches at-home bitcoin mining solution 21.09.2021 Lena Jess

Burger King launches Keep It Real Meals NFT campaign

Revolut to launch commission-free stock trading in the US

Osprey Funds launches Polygon-based trust