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Grayscale Added Nearly $1B in Crypto in 24 Hours
The digital asset manager added large numbers of altcoins to its holdings including horizen and livepeer.
Grayscale Investments, the world’s largest digital asset manager, acquired nearly $1 billion in crypto in a 24-hour period.
STORY CONTINUES BELOW
- The company tweeted Wednesday that its total assets under management totalled $45.8 billion compared to $44.9 billion the day before.
- This included increases to its Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) of $283.3 million and $586.5 million respectively.
- GBTC is currently trading at a 13.88% discount to the price of the bitcoin held within, according to Grayscale’s data.
- Grayscale also added large numbers of altcoins, including a 16.89% increase in horizen (ZEN) and 13.25% in livepeer (LPT) .
- Grayscale is owned by Digital Currency Group, the parent of CoinDesk.
See also: Rothschild Investment Buys $4.75M Initial Stake in Grayscale Ethereum Trust
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
