Grayscale Investments announced Tuesday that the firm has reached a new all-time high (ATH) in assets under management.
Grayscale mostly specializes in digital currencies, including Bitcoin
The milestone announcement came via the company’s Twitter account and confirmed by managing director Michael Sonnenshein.
The current report indicates that current assets under management total $3.8 billion. Of this total, over $3.3 billion is housed in the company’s flagship fund, the Bitcoin Trust.
Coming in second at $289 million is the Grayscale Ethereum Trust. These figures have been influenced by rising Bitcoin and EthereumBlockchain is a digital LEDGER that’s used for storing data on several servers across the world in a decentralized, trustless... More prices after the devastating March declines and completion of Bitcoin’s third halving a week ago.
As these funds grow, the firm continues to hold increasing large percentages of all existing Bitcoin. $3.3 billion in Bitcoin at the current price roughly puts the firm around 346,000 BTC — slightly less than 2% of all BTC in circulation.
Do you want to Be In Crypto?
Join our Telegram Trading Group for FREE Trading Signals,a FREE Trading Course for Beginners and Advanced Traders
and a lot of fun!
Images courtesy of Shutterstock, Trading View and Twitter.
