Crypto Fund Grayscale Adds BTC and Altcoins Worth $3.5 Billion to Its Stash
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Crypto Fund Grayscale Adds BTC and Altcoins Worth $3.5 Billion to Its Stash

March 31, 2021      Sahaj Sharma

Affiliated with the Digital Currency Group of Barry Silbert, the biggest crypto fund Grayscale has recently bought BTC and Altcoins worth $3.5 billion. Over the weekend, the crypto fund has added a whooping amount of crypto assets to its portfolio, with total assets under management reaching around $45 billion.

Grayscale Crypto Fund Adds $3.5 Billion in BTC and Altcoins 

The biggest crypto fund Grayscale can be considered as a trusted establishment on digital currency investing. Moreover, it supplies safe access and assorted exhibition to the digital currency asset class.

In accordance with data revealed on March 29, the crypto fund Grayscale was holding around $45.2 billion in cryptocurrencies. Out of this huge amount, a mind-blowing investment has been made in BTC and altcoins that is worth over $3.5 billion.

On March 26, the total investments of the crypto fund in digital assets were around $41 billion.

The biggest crypto fund revealed through data shared on Twitter, displaying the total value of assets under management, holdings per share, and the market price per share for their investment products. In addition to this, they shared the value of total assets under the management in their portfolio.

Grayscale Investments’ Foray in Different Altcoins

The Grayscale crypto fund possesses and provides investment subjection to thirteen digital assets including the forerunner BTC, ETH, Lite, Stellar, and many more via trusts.

Talking about the most recent introductions of the firm, Grayscale has launched 5 trusts that are based on famous altcoins. The list includes BAT, LINK, MANA, FIL, and LPT.

As of now, the overall value of Bitcoin in the portfolio of the crypto fund stands at $37.3 billion. However, GBTC at present is being traded with a negative premium.

Discussing further the beliefs of the company, market investors do deserve an accepted, trusted, and responsible partner that can assist them to steer investing in digital assets. The ultimate goal is to make the investing convenient and less effort-taking task for the investor.

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#Altcoins #BTC #Grayscale
Sahaj Sharma
Sahaj Sharma

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.