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Grayscale Adds A ‘Cool $300M’ In A Day And $1B This Week
Summary: According to an update posted to Grayscale’s Twitter account on Oct. 22, the investment firm currently has $7.3 billion in assets under management (AUM). That's a billion-dollar increase on the $6.3 billion AUM Grayscale reported on Oct. 15. The funds are mostly held in Grayscale’s trusts for Bitcoin (BTC) and Ethereum (ETH), along with the ...
According to an update posted to Grayscale’s Twitter account on Oct. 22, the investment firm currently has $7.3 billion in assets under management (AUM). That's a billion-dollar increase on the $6.3 billion AUM Grayscale reported on Oct. 15.
The funds are mostly held in Grayscale’s trusts for Bitcoin (BTC) and Ethereum (ETH), along with the firm’s digital large cap fund. The most recent spike is likely linked to the surge in crypto market prices following the recent news PayPal would offer crypto payments from 2021.
Grayscale reported its Litecoin (LTC) Trust had increased the most since the previous day's report, by more than 7.5%. The company's Zcash (ZEC) Trust increased by more than 6% in the same period.
Grayscale CEO Barry Silbert commented on the investment firm’s recent rise on Twitter, stating it had “added a cool $300 million in AUM in one day.”
By Amy Liu
Tags: AUM,Crypto,Grayscale
Link: Grayscale Adds A ‘Cool $300M’ In A Day And $1B This Week [Copy]
