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Grayscale Is Approaching $50 Billion in Digital Assets Under Management
May 1, 2021 @ 9:33 am By Omar Faridi
Grayscale, a global leader in digital currency asset management that provides single asset and diversified exposure via private and public funds, has provided updates (as of April 30, 2021) on its total assets under management (AUM), holdings per share, and market price per share for its wide range of digital asset investment products.
Grayscale‘s total AUM, as of the end of April, are $46.7 billion.
Some of the major crypto-assets featured in the company’s portfolio include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar (XLM), Zcash (ZEC), Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL), and Livepeer (LPT).
Time Magazine has included two top crypto firms in its “top 100 most influential companies of 2021” list.
What Happened: Coinbase Global Inc (NASDAQ:COIN) was included under the category “Titans” after its public debut on the Nasdaq turned out to be the largest direct listing in history with the company valued at $86 billion.
“It’s been a huge year for cryptocurrencies, but nothing’s been as validating as the April 14 direct listing of Coinbase, which operates an exchange where 56 million users buy and sell Bitcoin and more,” stated Time.
Time also named
Digital Currency Group (DCG), the asset manager behind the world’s largest Bitcoin trust, in its most influential list.
Grayscale Effect Fades as GBTC Trades at Record -19% Low Discount
3 hours ago by John Kiguru · 3 min read
Photo: Depositphotos
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The discount has resulted in heavy losses for some investors, but Grayscale is keen on offering the discount to attract more even traders.
The Grayscale Bitcoin Trust (GBTC) has descended into levels never recorded in its history. Data shows that the product is trading at a 19% discount. GBTC’s premium has notably failed to rise despite the firm adding $283.3 million in BTC under management earlier in the week.
Beginning Thursday, GBTC’s premium has dropped by nearly 19% according to YCharts. This is the first time in its history it has sunk this low. Additionally, it is now in its third month of negative trading. The drop in the premium comes despite the firm continued accumulation of Assets Under Management (AUM). On Wednesday, the investment firm confirmed an additional $1 billion in its AUM.
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