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Grayscale now has $45 billion worth of cryptocurrency under its management

Grayscale now has $45 billion worth of cryptocurrency under its management

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Answer Grayscale now has $45 billion worth of cryptocurrency under its management

Recently, Grayscale, the world’s largest digital asset manager, published an update on the total value of the crypto assets under its management.

According for numbersThe digital asset management company now has approximately $45 billion in crypto assets under management (AUM).

Grayscale’s largest cryptocurrency is bitcoin, with the company now managing more than $32 billion worth of bitcoin.

While the Ethereum coin is the second largest coin operated by “Grayscale”, with an estimated value of $10 billion.

Apart from Bitcoin and Ethereum, the digital asset management company also manages other cryptocurrencies including Ethereum Classic, Litecoin and Bitcoin Cash.

The total value of crypto assets under management by Grayscale rose sharply in 2021.

Read:Fraudulent Twitter account collects $180,000 worth of cryptocurrency in 24 hours

Where the company started 2021 with about $ 20 billion.

The recent increase in the popularity of crypto assets and the huge jump in the price of Bitcoin and Ethereum have played an important role in the overall growth of Grayscale.

In an interview with Bloomberg, Grayscale CEO Michael Sonnensen highlighted the recent growth of the cryptocurrency ecosystem, saying:

The cryptocurrency ecosystem continues to allow for new use cases, and for new protocols to go beyond their value, we’ll start to see a confluence between digital assets and things like games or file storage.

We will certainly see the emergence of new protocols.

Bitcoin moved towards the $55,000 level:

The total value of the crypto market increased by 60 billion dollars yesterday, and this continued until today, as Bitcoin rose and touched the level of 55 thousand dollars, bringing its market value above 1 trillion dollars.

But the rise of Bitcoin to higher prices was accompanied by a rise in its acquisition of alternative digital currencies, as the percentage reached almost 45%.

Freddy Evans, an analyst at GlobalBlock, said:

Read:What are the alternative electronic currencies?

This latest Bitcoin price advance may be a repeat of history after the Chinese ban on crypto activities.

Read also:

Founder of the hedge fund “Citadel”: We will provide crypto services if there is regulatory clarity

BTC whales continue to accumulate the largest over the past 27 months



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