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Grayscale Acquires Close to 1 Billion in Crypto In Single Day

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Sat, 1/05/2021 - 18:39
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Grayscale Acquires Close to 1 Billion in Crypto In Single Day
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According to the Twitter account of Grayscale Investments firm that offers its customers exposure to multiple cryptocurrencies, it has added an equivalent of $0.8 billion in crypto in merely twenty-four hours.

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As of Friday, April 30, the company holds $46.7 billion in crypto AUM.

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Image via Twitter

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The rise in the amount of Bitcoin and other digital currencies in Grayscale’s management is likely down to the rise of the BTC price from the $54,900 area to the $57,146 high that happened within April 29 and April 30.

Besides, according to Bybt blockchain service, Grayscale has been acquiring large amounts of altcoins this week – XLM, MANA, LPT, FIL and LINK.

The largest amount bought is that of XLM – 259,003 over the past week.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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