Grayscale Acquires Additional $500 Million Worth of Crypto

The world’s largest crypto asset manager, Grayscale, has acquired $500 million worth of crypto taking its total to $34.7 billion. 

A day before, Grayscale had revealed that its updated net Assets Under Management (AUM) was $34.2 billion, $500 million lower. 

In a tweet, the company said:

“06/02/21 UPDATE: Net Assets Under Management, Holdings per Share and Market Price per Share for our Investment Products. Total AUM: $34.7 billion.”

Grayscale went further to list all its products, including Grayscale Bitcoin Trust, Grayscale Basic Attention Token Trust, Grayscale Bitcoin Cash Trust, Grayscale Chainlink Trust, Grayscale Decentraland Trust, and Grayscale Ethereum Trust. Others are Grayscale Ethereum Classic Trust, Grayscale Filecoin Trust, Grayscale Horizen Trust, Grayscale Litecoin Trust, Grayscale Stellar Lumens Trust, Grayscale Zcash Trust, and Grayscale Digital Large Cap Fund. 

Currently, Grayscale Bitcoin Trust has $24.3 billion AUM at 0.00094219 BTC per share. Also, the company has 692,370,100 shares outstanding. 

Crypto analytics platform Bybt revealed that Grayscale had seen massive outflows across all its trusts. Grayscale has also recorded inflows on Litecoin Trust, MANA Trust, LPT Trust, LINK Trust, BAT Trust, and FIL Trust in the last 30 days. 

Grayscale recently became the first crypto partner of an NFL team, The New York Giants. In addition, the partnership makes Grayscale the Official Digitial Currency Asset Management Partner of the American football team. 

Image Credits: Pixabay