Grayscale now has $10 billion worth of Ethereum under its management
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Answer Grayscale now has $10 billion worth of Ethereum under its management
Grayscale, one of the largest cryptocurrency managers, recently published an update on the total value of the company’s holdings of cryptocurrencies under management (AUM).
New York-based Grayscale now owns more than 3 million Ethereum with a combined value of more than $10 billion.
According to the latest data that Posted by Grayscale has a total value of AUM cryptocurrencies (including Ethereum) at $41.4 billion on August 13, 2021, which is a 25% increase compared to the $33 billion figure recorded on July 28, 2021.
While the company started the year with nearly $20 billion in cryptocurrency under management.
Since the beginning of 2021, “Grayscale” has significantly accelerated the accumulation of Ethereum.
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During the first week of March, the American company added nearly 20,000 Ethereum to its holdings.
Grayscale is one of the largest owners of Ethereum.
While Bitcoin remained the largest cryptocurrency held by Grayscale.
The company now owns more than 640,000 bitcoins with a total value of nearly $30 billion.
Aside from Bitcoin and Ethereum, the asset management company also owns more than $700 million in ETC and nearly $300 million in Litecoin (LTC).
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