Grayscale’s crypto assets surpass $10BN
Grayscale’s crypto assets under management (AUM) have surpassed the $10 billion mark for the first time as the prices of Bitcoin, Ethereum and other leading cryptocurrencies continue to rally. Grayscale reached the $10 billion mark by investing in a wide range of cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Ripple (XRP), Zcash (ZEC), Horizen (ZEN), Litecoin (LTC) and Stellar Lumen (XLM).
According to the company’s November report, Grayscale’s cryptocurrency assets grew from $7.6 billion on 30 October to $10.4 billion at present. The company’s crypto-asset portfolio could surge higher in the coming weeks as industry experts and analysts believe that Bitcoin could set a new all-time high before the end of the year.