{"id":117615,"date":"2021-03-19T11:04:43","date_gmt":"2021-03-19T11:04:43","guid":{"rendered":"https:\/\/precoinnews.com\/?p=117615"},"modified":"2021-03-19T11:04:43","modified_gmt":"2021-03-19T11:04:43","slug":"grayscale-crosses-45-billion-in-cryptocurrency-assets-under-management","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/grayscale-crosses-45-billion-in-cryptocurrency-assets-under-management\/","title":{"rendered":"Grayscale Crosses $45 Billion in Cryptocurrency Assets under Management"},"content":{"rendered":"

Grayscale, the world\u2019s largest cryptocurrency asset manager, announced today that the total value of the company\u2019s digital assets under management has crossed $45 billion. Bitcoin remained the largest holding of Grayscale as the firm now holds more than 650,000 BTC with a total value of around $38 billion.<\/p>\n

According to the official announcement, the company has $45.4 billion worth of cryptocurrency assets under management. Grayscale\u2019s Ethereum assets are now valued at more than $5.7 billion. The company bought more than 45,000 ETH in the last 30 days.<\/p>\n

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Grayscale announced the expansion of the company\u2019s portfolio with the introduction of new cryptocurrency investment trusts earlier this week. The asset manager launched Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL), and Livepeer (LPT) investment trusts.<\/p>\n

According to the latest numbers, Litecoin is the 3rd largest holding of Grayscale as the company now holds more than 1.4 million LTC with a total value of around $300 million. Grayscale\u2019s Bitcoin Cash trust has nearly $158 million worth of BCH under management. The company\u2019s Ethereum Classic trust has more than 12 million ETC under management.<\/p>\n

Purpose Bitcoin ETF<\/h2>\n

Purpose Investments, a Canada-based investment management firm, recently announced that the company\u2019s Bitcoin ETF crossed $1 billion in assets under management on its one-month anniversary. \u201cWhen we launched Purpose Bitcoin ETF, we knew we were filling a void in the market. Hitting this milestone so quickly proves that investors are seeking convenient, safe access to cryptocurrencies and shows their confidence in our ETF as the premier vehicle for that exposure,\u201d Som Seif, founder and CEO of Purpose mentioned in a statement. Several companies worldwide have started accelerating their efforts to accumulate Bitcoin and other cryptocurrency assets. Meitu, a Chinese technology firm, announced yesterday that the company purchased nearly $50 million worth of Bitcoin and Ethereum.<\/p>\n

Grayscale started this year with nearly $20 billion in cryptocurrency assets under management. The recent surge in the price of Bitcoin and Ethereum has contributed a lot towards the record valuation of Grayscale\u2019s digital assets under management.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Grayscale, the world\u2019s largest cryptocurrency asset manager,<\/p>\n","protected":false},"author":3,"featured_media":117614,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nGrayscale Crosses $45 Billion in Cryptocurrency Assets under Management - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/grayscale-crosses-45-billion-in-cryptocurrency-assets-under-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grayscale Crosses $45 Billion in Cryptocurrency Assets under Management - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Grayscale, the world\u2019s largest cryptocurrency asset manager,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/grayscale-crosses-45-billion-in-cryptocurrency-assets-under-management\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-19T11:04:43+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/03\/ccryptafotocrypto-space-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/grayscale-crosses-45-billion-in-cryptocurrency-assets-under-management\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/grayscale-crosses-45-billion-in-cryptocurrency-assets-under-management\/\",\"name\":\"Grayscale Crosses $45 Billion in Cryptocurrency Assets under Management - 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