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.

Apr 22, 2021 at 10:22 a.m. UTC

Updated Sep 14, 2021 at 12:45 p.m. UTC

MOSHED-2021-4-15-15-16-28 — Grayscale CEO Michael Sonnenshein

Grayscale Investments, the world’s largest digital asset manager, acquired nearly $1 billion in crypto in a 24-hour period.

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.

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