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Grayscale Investments announced on Tuesday that the company had reached a new all-time high (ATH) in assets under management.
Grayscale mainly specializes in digital currencies, including Bitcoin
BUY NOW, Bitcoin cash BUY NOW, ether BUY NOW and Ethereum Classic.
The Success indicator This was done via the company’s official Twitter account and was confirmed by its CEO Michael Sonnenshein.
The current report shows this Current assets under management amount to $ 3.8 billion. The company’s flagship fund, the Bitcoin Trust, accounts for more than $ 3.3 billion of this.
In second place is the Grayscale Ethereum Trust with $ 289 million. These numbers were affected by the surge in Bitcoin and Ethereum prices after the devastating falls in March and the completion of Bitcoin’s third halving a week ago.
Grayscale Investments has a large legacy of cryptocurrencies
As these funds grow, the company continues to maintain large growing percentages of all existing Bitcoin. Bitcoin of $ 3.3 billion at the current price is around 346,000 BTC – just under 2% of all BTC in circulation.
Aside from Bitcoin, the main crypto asset, the investment company has a large amount of Ethereum. As BeInCrypto reported, Almost half of all dismantled ETHs belong to Grayscale Investments. This shows the relevance of this company and why it is very notorious for the industry that the value of the fund has reached its historical record.
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As a leading blockchain and fintech news company, BeInCrypto always strives to comply with strict editorial guidelines and the highest journalistic standards. With this in mind, we always encourage and encourage readers to do their own research into the information contained in this article. This article is intended as news and is for informational purposes only. The topic of the article and the information provided may have an impact on the value of a digital or cryptocurrency asset, but is never intended. Likewise, the content of the article and the information contained therein do not intend and do not intend to provide sufficient information for a financial or investment decision. This article is not expressly intended as financial advice, it is not financial advice and should not be construed as financial advice. The content and information in this article have not been prepared by a certified financial professional. All readers should always conduct their own due diligence with a certified financial professional before making an investment decision. The author of this article may have any amount of Bitcoin, cryptocurrencies, other digital currencies, or financial instruments at the time of writing, including but not limited to those listed in the content of this article.
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