Grayscale funds increased $ 1 billion in 11 days
The Grayscale Investments cryptocurrency fund managed to increase its portfolio by another USD 1 billion in less than two weeks.
According to information posted on Grayscale's twitter on July 28, the investment firm is currently managing digital assets worth $ 5 billion (AUM). These funds are mainly held in Grayscale funds for Bitcoin (BTC) and Ethereum (ETH. Smaller allocations are found in funds Bitcoin Cash (BCH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM) ), XRP and Zcash (ZEC).
This represents an AUM increase of almost $ 1 billion in just 11 days. The company more than doubled the AUM in its BCH trust fund, from $ 6 million to $ 12.8 million. Grayscale added $ 782 million to its BTC fund, $ 174 million to the ETH fund, $ 12.7 million to the ETC fund, and $ 6.7 million to the LTC fund.
The only decrease was recorded by Stellar Lumen from USD 600,000 to USD 500,000.