Grayscale's Ethereum trust exceeds $10 billion

by in Cryptocurrency News


Grayscale, a digital asset management company, continues to ramp up investments in bitcoin, ether, and other major cryptocurrencies.

Funds for such instruments go through specialized trusts. The giant's latest statement on Twitter notes that as of August 24, its cryptocurrency trusts have accumulated $ 44.8 billion in assets.

BTC traditionally holds first place in the rating. Grayscale invested $ 32.36 billion in this tool.

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The second place is occupied by the Ethereum Trust, which controls ETH for up to $ 10.379 billion. The company's accumulation strategy has dominated since last year.

However, Grayscale's capex on the air only accelerated this year. For example, in February, the trust included about 20,000 more coins.

Grayscale is currently the largest digital asset management company in the world. Recently, the press service announced its intention to soon hire up to ten new specialists, who will be responsible for the company's work with crypto ETF funds.