Grayscale Crosses $14 Billion in Crypto Assets under Management

Grayscale, the biggest cryptocurrency asset management firm in the world, now has more than $14 billion in crypto assets under management, thanks to the recent price rally of Bitcoin and other digital assets.

According to the data compiled by crypto Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term company, Bybt.com, Bitcoin is the biggest holding of Grayscale with a total value of nearly $12 billion. The company has more than 569K Bitcoin along with nearly 946K Litecoin.

The crypto asset manager has reported a rise in Ethereum related investment products and the trend has been evident in recent days as Grayscale accumulated more than 359,000 Ethereum in the last 30 days.

Grayscale now has more than 2.94 million Ethereum with a total value of $1.84 billion. The firm mentioned that Ethereum-first and Ethereum-only investors are growing, and Wall Street has started to consider ETH as an important asset.

The asset management firm has been in the news recently due to its DropGold ad on social media and other platforms. Gold has seen substantial outflows in recent weeks, and during the same period, crypto-related investment funds gained massive popularity.

Grayscale Holdings

In addition to Bitcoin, Ethereum and Litecoin, Grayscale is also holding digital assets like Bitcoin Cash, Ethereum Classic and XRP. The company has XLM and Zcash as well in its holding. Grayscale is planning to increase its portfolio of digital assets with the inclusion of other Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term as the fund saw a growing demand for other crypto assets as well.

This year has been fruitful for crypto asset managers, according to a report published by crypto firm CoinShares, the total value of digital assets under management reached an all-time high of $16 billion this year as compared to just $2.57 billion in 2019. Michael Sonnenshein, Managing Director at Grayscale Investments said during the recent interviews that digital currencies are gaining popularity, and the company has received a tremendous response for the DropGold advertising campaign.