In a recent tweet, Grayscale Investments said that as of Monday, June 14, the total amount of crypto funds managed by its team were worth $35.5 billion. On Friday, June 11, the company announced that the total value of AUM was $33.5 billion. Thats about 2 Billion Dollars addition in crypto funds managed by Grayscale over weekend.
Last weekend, Grayscale bought $2 billion in Bitcoin, Ethereum, LINK, Livepeer, Zcash, Litecoin, and more, in addition to BAT, according to a table posted by the company in a tweet.
06/14/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
Total AUM: $35.5 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $ZEC $BAT $LINK $MANA $FIL $LPT pic.twitter.com/DaGRDu6A6L
— Grayscale (@Grayscale) June 14, 2021
Grayscale added another $1 billion in bitcoin, and the rest are other crypto trusts.
Data provided by analytics service Bybt shows that withdrawals from grayscale trusts are still ongoing. Only Litecoin and Livepeer saw the flow of funds monthly, weekly and 24 hours a day.
In terms of other assets, investors have mostly dumped their shares apart from ZEC and the newly added crypto trusts FIL, LINK, LPTÂ and MANA.
Meanwhile, GBTC continues to trade at a discount of 11.27 percent.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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