Grayscale Tops Up Ethereum Investment To $10 Billion

Name	Symbol	Market	Market Cap ($)	Algorithm
Litecoin	LTCUSD	Crypto	5,926,732,938	Scrypt

Name

Symbol

Market

Market Cap ($)

Algorithm

Litecoin

LTCUSD

Crypto

5,926,732,938

Scrypt

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.490	-0.61%	79.57	79.56	79.57

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.490

-0.61%

79.57

79.56

79.57

High Price	Low Price	Open Price	Prev. Close	52 Week Range
81.05	79.40	80.08	80.06	57.64 - 114.98

High Price

Low Price

Open Price

Prev. Close

52 Week Range

81.05

79.40

80.08

80.06

57.64 - 114.98

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	11:43:45	0.286363	79.57	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

11:43:45

0.286363

79.57

USD

Price x Volume	Volume	Base Symbol	Related Pairs
3,952,763.90	49,262.85	LTC	LTCEUR	LTCGBP	LTCBTC

Price x Volume

Volume

Base Symbol

Related Pairs

3,952,763.90

49,262.85

Grayscale Tops Up Ethereum Investment To $10 Billion

24/08/2021 12:00am

NEWSBTC

Ethereum makes up a large part of crypto-asset manager Grayscale’s portfolio. In a recent report, it shows that Grayscale now has over 3 million ETH in its asset under management (AUM), amounting to more than $10 billion. This makes the asset manager one of the largest holders of Ethereum in the space. Related Reading | Crypto Market Goes Into “Extreme Greed,” What This Means For Bitcoin The asset manager had gradually increased its ETH holdings over time, adding almost 20,000 ETH to its portfolio back in February. The recent filings show that the New York-based asset manager has increased its crypto holdings since its last report, which has raised the value of the total assets under management from $33 billion to $41.4 billion. Ethereum Is Not The Only Interest The fund had started out providing a way for investors to invest in Bitcoin through the stock market. But over the years, Grayscale has added more crypto-assets to its offering to provide investors more exposure to the markets. Grayscale’s crypto management spans across a host of cryptocurrencies. Assets in its care range from Bitcoin to Ethereum, Litecoin, Ethereum Classic, and a host of others. Grayscale's Ethereum Trust at almost $10 billion | Source: Grayscale on Twitter In addition to its $10 billion ETH and $29 billion BTC holdings, Grayscale also holds over $700 million worth of Ethereum Classic and over $300 million worth of Litecoin in its portfolio. The size of its assets under management puts Grayscale as the largest crypto asset manager in the world. Grayscale had also dived into the DeFi world back in July when it launched a new DeFi fund. The fund was the first of its kind in the firm’s history but would be the second diversified product fund. This fund was based on the Coindex DeFi Index. Highest Asset Under Management Although Ethereum makes up a big chunk of the asset manager’s portfolio, bitcoin remains top of the list. Grayscale’s Bitcoin holdings total over 640,000 coins, which puts the total value at almost $30 billion. Constituting the largest part of assets under management in the portfolio. The asset manager’s Ethereum holdings put ETH as the second-highest holding in its portfolio, following behind bitcoin. Related Reading | Here’s What Bitcoin Exchange Inventory Levels Means For The Bull Rally The trust has also benefitted from the current bull rally that has rocked the market. The price of Ethereum has grown tremendously in just the past three weeks along. Seeing the price of the digital asset come to rest firmly above $3,000, a price point it had not been able to break following the crash from the all-time high of the asset. The price of Ethereum at the time of this writing is trading above $3,200, with a 0.71% 24-hour price change. ETH price sitting above $3,200 | Source: ETHUSD on TradingView.com

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