Bitcoin Price Boosts Grayscale Digital Asset Fund to Over $1 Billion

The world’s largest cryptocurrency asset manager, Grayscale Investments, saw its value of Assets Under Management (AUM) top $1 Billion yesterday. Price gains across the crypto spectrum saw the value of Grayscale’s bitcoin holdings alone jump to $999.1 Million. Tweet The Good News From The Rooftops Grayscale tweeted to announce the milestone, publishing a breakdown of individual products, and a headline value of $1.1 billion. Actually totalling individual quoted product assets yields $1.0609 billion, so perhaps there was also some rounding in play. “Grayscale’s assets under management grew to over $1 billion today,” noted Bitcoin investor and Grayscale CEO, Barry Silbert. As seen in the chart, the vast majority (nearly 95%) of the assets lie in the Grayscale Bitcoin Trust. reported this tendency towards Bitcoin-maximalism earlier this year, and if anything it seems to have increased. Other than bitcoin, the most significant holdings are in the Ethereum, Ethereum Classic, and Cash…

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