Thursday, October 28, 2021
Home Crypto News Market Grayscale Buys The Dip Adding $2 Billion in Bitcoin and Other Crypto

Grayscale Buys The Dip Adding $2 Billion in Bitcoin and Other Crypto

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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.

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, LPT  and MANA.

Meanwhile, GBTC continues to trade at a discount of 11.27 percent.

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Jakkkhttps://thecryptobasic.com/
Owner of TheCryptoBasic. Involved in cryptocurrencies for more than five years, Love to trade and write on cryptocurrencies. My primary aim is to provide genuine information to cryptocurrency readers because crypto is filled with frauds and scams. Accurate information is scarce to get. So We at TheCryptoBasic will be providing accurate information about cryptocurrencies topics that users can trust.

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