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, , 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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