• The biggest daily increases were reported in the litecoin trust, whose value rose 8% to .3 million. The bitcoin trust remains Grayscale’s biggest portfolio, inching 4% to billion. The ETH and BCH trusts rose 4.9% and 4.6% respectively. Others gained between 2% and 6%.
• The firm now has a record .3 billion in total AUM, according to a tweet by Barry Silbert, chief executive officer of the Digital Currency Group, Grayscale’s parent company.
Bitcoin.com is author of this content, TheBitcoinNews.com is is not responsible for the content of external sites.
Grayscale Investments said Thursday that it added 0 million in net assets under management (AUM) in just the last 24 hours.
As corporate interest in bitcoin continues to increase, institutional-investor focused entities like Grayscale are also expected to continue to experience immense growth.
• Grayscale profited from surging institutional interest in bitcoin. Paypal’s unexpected dive into crypto this week appears to have lit the markets up. The announcement pushed the price of bitcoin above ,000 on Wednesday, a 2020 high – and so with it Grayscale’s trusts’ valuations.
• The 0 million Grayscale added represents a significant increase over the .05 billion in investments that it amassed over a whole 90-day period during the third quarter of 2020.
The post Grayscale Adds 0 Million in Cryptocurrency Assets Under Management in Just 24 Hours appeared first on Bitcoin News.
Send bulk sms with Bitcoin and don’t worry If your link gets reported. We are constantly monitoring your links and We’ll pause your campaigns if any issue…