In a tweet on January 5, Barry Silbert’s Grayscale Investments revealed that its total crypto assets under management had increased to $23 billion. This is an addition of $3.3 billion in less than a week since the firm announced reaching the $20 billion mark only six days ago.
Following its recent purchase, Grayscale now holds around $19.5 billion in Bitcoin.
Grayscale has grown to become one of the foremost crypto hedge fund managers. They regularly purchase Bitcoin, Ethereum, and eight other crypto-based products for clients. Surprisingly, although the firm announced in December that it had suspended cash inflows from investors, it is still on a buying frenzy. Data confirms that Grayscale’s customers are still hungry for Bitcoin and Ethereum.
As for the second most popular cryptocurrency Ethereum, the company manages $3 billion worth of the crypto asset.
Source: Cryptocurrency - investing.com
