Thursday, September 16, 2021
Home Crypto News Market Grayscale Assets Under Management (AUM) Now Has $10 Billion Worth of Ethereum

Grayscale Assets Under Management (AUM) Now Has $10 Billion Worth of Ethereum

- Advertisement -

Grayscale total crypto assets under management (AUM) surpassed $41 billion.

Grayscale, one the most prominent digital asset managers, has released an update on its total crypto assets under management recently. Among $41 Billion in crypto assets, Grayscale owns more than 3 million Ethereum valued at over $10 Billion.

grayscale assets under management

Grayscale’s latest data shows that the company’s AUM was $41.4 billion as of August 13, 2021. This is 25% more than the $33 billion it had on July 28, 2021.

The accumulation of Ethereum has been significantly accelerated by Grayscale since 2021. The American company added almost 20,000 Ethereum to its holdings in the first week of March. Grayscale is the largest institutional holder of ETH.

Since August 2021, Ethereum network activity has increased rapidly. The latest data from the crypto analytics platform Glassnode shows that the ETH balance on major digital exchanges has fallen to its lowest level in over two years. The main reason for this is because famous Ethereum whale accounts have been moving ETH from crypto exchanges into unknown digital wallets, which means that there are less chances of major ETH sell-off and more chances of ETH price increase. 

Crypto News Feed

- Advertisement -
I am the editor-in-chief of The Crypto Basic. Love to get involved in cryptocurrencies. I am in crypto since 2014. I like the way blockchain is progression, being adopted by large firms and in most parts of our lives. We are early adopters and followers of blockchain, and time will surely come when our success factor will be blockchain.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

El Salvador Chivo Bitcoin Wallet Has Surpassed 500,000 Users

local news reports El Salvador's Chivo bitcoin wallet has already surpassed 500,000 users. window.coinzilla_display = window.coinzilla_display...

Amasa Announces Dual IDO on Trustpad and Chainboost on September 28

Sydney, Australia, 16th September, 2021, Amasa will collaborate with Genesis Shards for a pre-IDO NFT release on September 23. Amasa is thrilled to announce its...

Coinbase Filled An Application with National Futures Association (NFA) To Start Offering Crypto Futures Trading

The cryptocurrency exchange Coinbase is now venturing into cryptocurrency derivatives. window.coinzilla_display = window.coinzilla_display || ; ...

Time Magazine Named Ethereum Co-Founder, Vitalik Buterin As One Of The Most Influential People Of 2021

Time magazine named Ethereum co-founder, Vitalik Buterin as one of the most influential people this year, along with musicians, world leaders, activists and others.

AMC, The Biggest Cinema Chain Worldwide With 1004 Theaters, 11,041 Screens To Start Accepting Ethereum, Bitcoin Cash And Litecoin

AMC CEO, Adam Aron has taken to Twitter to announce that the largest US theater chain will begin accepting Ethereum, Litecoin, and Bitcoin Cash...

TRON And BitTorrent Launch BTTC

San Francisco, California, 15th September, 2021, TRON, one of the world's largest and most popular blockchain-based operating systems, and BitTorrent, the leader in peer-to-peer...

Cardano Alonzo Mainnet Goes Live As Cardano Now Has Smart Contracts Capabilities

Cardano Alonzo upgrade is now live on the mainnet. Read: In Last 3 Months Cardano Adds Over 200,000 New Staking Addresses ...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.