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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.

By Jamie Crawley
AccessTimeIconApr 22, 2021 at 10:22 a.m. UTC
Updated Aug 19, 2021 at 8:57 a.m. UTC
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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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    • See also: Rothschild Investment Buys $4.75M Initial Stake in Grayscale Ethereum Trust

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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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