Grayscale Tops $43 Billion in Crypto Assets under Management – Finance Magnates

Grayscale Tops $43 Billion in Crypto Assets under Management – Finance Magnates

Grayscale, the world’s largest crypto asset manager, announced today that the company has more than $43 billion worth of digital assets under management, its highest level on record. The overall value of the company’s crypto assets is surging due to a recent jump in Bitcoin (BTC) and Ethereum (ETH).

According to the official announcement by the company on Twitter, Bitcoin is the largest holding of Grayscale as the asset manager now has more than 650,000 BTC under management with a total value of over $36 billion.

In addition, the crypto asset manager has nearly 3.17 million Ethereum under management. The total value of Grayscale’s ETH under management now stands at around $5.8 billion. The company purchased around 130,000 ETH in the last 30 days.

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Digital Currency Group (DCG) announced earlier this week that the company has authorized the purchase of up to $250 million worth of shares of Grayscale Bitcoin Trust. Since the start of 2021, several institutional investors around the world have gained Bitcoin exposure through Grayscale’s BTC Trust.

Grayscale’s Crypto Holdings

Bitcoin and Ethereum account for more than 90% of the total value of Grayscale’s crypto assets. But, the company has accelerated its efforts in recent months to accumulate other cryptocurrencies as well. Grayscale bought nearly 140,000 Litecoin (LTC) in the last 30 days as the total value