New purchase from Grayscale to the new crypto fund!
The world’s largest institutional Bitcoin investment fund has purchased a large amount of crypto fund that it recently launched and includes 5 altcoins.
Grayscale new Adds to crypto fund
Blockchain analytics platform Bybt data shows Grayscale Investments fund, led by Digital Currency Group founder Barry Silbert, is making new crypto purchases.
Investing for some altcoins, including Ethereum and Stellar and custody service Grayscale has expanded its crypto asset fund by adding large amounts of MANA, LPT, LINK and FIL to its portfolio. LPT received LINK and FIL.
Founded in 2013, Grayscale is one of the largest companies providing crypto investment and custody services mostly to institutional investors.
Digital asset manager, nearly recent in Bitcoin you are a long-term bull run that has been going on for a year made good use of the opportunities in. And the value of assets (AUM) under the company’s management has increased tenfold throughout 2020 to over $20 billion, and by 2021 to over $50 billion. Expanded its crypto asset portfolio by adding different altcoins. Grayscale recently added these cryptocurrencies to its asset list.. It then included it in its crypto trust service, giving investors access to shares based on these coins.
Now it has purchased more altcoins (MANA, LPT, FIL and LINK) to add to its new trust fund.. The company made the biggest purchase with 16,710 MANA. According to data from analytics platform Bybt, purchases have been made in the past twenty-four hours.
Data on the website shows that Grayscale has purchased more of these cryptocurrencies overall in the past month.
Meanwhile, the total value of crypto assets under Grayscale’s management is currently around $51.41 billion, according to Bybt.. $37.68 billion of these funds are in Bitcoin and $ 11.08 billion in Ethereum.
Digital Currency Group continues to buy GBTC shares
As KoinMedya previously reported, Grayscale’ According to the latest report, DCG purchased 1,695,217 shares in March as part of a $250 million buyback program.. The company purchased GBTC shares for a total of $81.3 million in the first quarter.
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