Grayscale Investments increases its AUM by US$3.4-Billion in a Week to US$16.4-Billion, Bitcoin remains its Largest Holding

Grayscale Investments, a leading digital asset management company, has increased its assets under management (AUM) by US$3.4-billion from last week to US$16.4-billion. 

The company has tweeted that Bitcoin (BTC) remains its largest crypto holding. While Grayscale Bitcoin Trust has US$14.1-billion assets under AUM, the Ethereum Trust of the company has US$1.81-billion in assets under management. 

In a single day, Grayscale Bitcoin Trust (GBTC) has added 12,319 BTC in its kitty, whose value at its current price makes it more than the cumulative purchase over the last week.

CTO of on-chain analyst firm Glassnode, Rafael Schultze-Kraft, has said in a tweet: “Bitcoins added to the Grayscale Bitcoin. Trust in the past 6 months: ~210,000 BTC Bitcoins mined in the past 6 months: ~185.000 BTC. That’s right, Grayscale has been buying up more bitcoins than the amount issued.”

The investment company has competed actively with other investment firms in increasing its hold on Bitcoin. Currently, the company’s total Bitcoin holding is around 600,000, whose value at the current price is around US$14.1 billion. 

Grayscale Investment also golds other cryptocurrencies such as Litecoin (US$125-million), Bitcoin Cash (US$70.7-million), Ethereum Classic (US$67.7-million), and many other altcoins including XLM, zcash, and XRP. Grayscale is based in New York and is owned by the parent company of CoinDesk, Di