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2021-05-10

Grayscale Adds MANA, LPT, LINK, and FIL to its Crypto Holdings

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Grayscale Investment has added Decentraland (MANA), Livepeer (LPT), Chainlink (LINK), and Filecoin (FIL) to its recently launched crypto trusts. The purchases were made most recently in the past 24 hours. Grayscale Adds MANA, LPT, LINK, and FIL to Its Crypto Trusts Grayscale’s cryptocurrency fund has added Decentraland (MANA), Livepeer (LPT), Chainlink (LINK), and Filecoin (FIL) to its cryptocurrency holdings. The largest number of crypto bought by Grayscale is MANA with 16,710 tokens. The purchases were made in the past twenty-four hours, according to the data from the analytics platform Bybt. Grayscale Investments has been actively engaged in buying these cryptocurrencies in the past week and overall in the last thirty days. According to Bybt, the total amount of crypto assets under management of Grayscale’s is now worth $51.41 billion. Investment giant, Grayscale started this year with a total of $20 billion worth of digital assets under management. Earlier last week, the company announced that the total valuation of the company’s crypto assets under management (AUM) has reached nearly $52 billion. The crypto boom in Bitcoin and Ether has helped in Grayscale generating that much revenue. Grayscale’s Bitcoin and Ethereum funds generate nearly $1 billion in estimated combined revenue. Bitcoin is the Largest Digital Asset Holding of Grayscale Grayscale has now more than 650,000 Bitcoin under management with a total value of over $37 billion. Its Grayscale Bitcoin Trust, charges a 2% annual fee, generating $756 million in estimated revenue on its AUM. Ethereum is the second-largest holding of crypto Whale with more than 3 million ETH worth over $11 billion. The firm is one of the largest institutional holders of the world’s second-most valuable cryptocurrency. Both Bitcoin and Ether’s respective year-to-date rising about 100% and 300% have helped in boosting Grayscale’s assets under management to record levels. Meanwhile, Ethereum Classic (ETC) is the third-largest holding of the asset manager with more than 12 million ETC under management with a total value of over $1.6 billion.

The post Grayscale Adds MANA, LPT, LINK, and FIL to its Crypto Holdings appeared first on Cryptoknowmics-Crypto News and Media Platform.



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