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Grayscale Investments’ assets exceed $ 30 billion

Against the background of market growth and the resumption of deposits in the Ethereum trust, the total asset value (AUM) managed by Grayscale Investments exceeded $ 30 billion.

The most popular among investors is a bitcoin-based trust, in which assets are $ 24.4 billion (80% of AUM). Increased demand for a financial product based on Ethereum – $ 5 billion (16.4%).

Seven days after the resumption of deposits in the Grayscale Ethereum Trust, 104,990 ETH worth about $ 180 million were received.

Grayscale Investments’ total asset value is also significantly affected by the growth of Bitcoin and Ethereum, which have risen in price by 14.4% and 20.5% over the past seven days, respectively (according to CoinGecko).

The company emphasized that institutional investors have been showing increasing interest in digital currencies recently, including pension funds and endowments

According to Bitcoin Treasuries, the Grayscale Bitcoin Trust has 649,130 ​​BTC. This is just over 3% of the maximum issue volume of the first cryptocurrency (21 million BTC).

Recall that at the end of January, Grayscale Investments filed applications for the registration of six new trusts: based on Aave, Polkadot, Cosmos, Monero, EOS and Cardano.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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