August 24, 2021

Grayscale Adds More Ethereum Investment, Now Reaches Over $ 10 Billion!

 Grayscale already owns over 3 million ETHs in assets under management (AUM), bringing the cumulative value of those ETHs to over $ 10 billion.

Indirectly, Grayscale became one of the largest owners of Ethereum in the crypto sector.

In February, the asset management firm reportedly added nearly 20,000 ETHs to its portfolio.

Later in the latest filing revealed the firm further increased its cryptocurrency holdings and saw the total AUM increase from $ 33 billion to $ 41.4 billion.

For the record, Grayscale also owns BTC worth nearly $ 30 billion, including over $ 700 million ETC and over $ 300 million LTC in its portfolio.

With its current size of AUM, Grayscale is now the largest crypto asset manager in the world.

Grayscale offers its investors the opportunity to invest in Bitcoin through the stock market.

Not only limited to Bitcoin (BTC), the firm also offers various other types of crypto assets including: Ethereum, Litecoin (LTC), Ethereum Classic (ETC), and others.