Grayscale Acquires Additional $500 Million Worth of Crypto

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Grayscale, the world’s most successful crypto asset manager, has purchased $500 million worth crypto, bringing its total to $34.7 trillion.

Grayscale revealed the following day that its updated net assets under management (AUM), was $34.2 billion. This is $500 million less than it had disclosed a day earlier.

The company stated in a Tweet:

“06/02/21 UPDATE – Net Assets under Management, Holdings Per Share, Market Price Per Share for our Investment Products. Total AUM: $34.7 Billion

Grayscale also listed all of its products, including Grayscale Bitcoin Trust and Grayscale Basic Attention Token Trust. Grayscale Chainlink Trust, Grayscale Decentraland Trust and Grayscale Ethereum Trust. Grayscale Ethereum Classic Trust is another, Grayscale Filecoin Trust and Grayscale Horizen Trust are Grayscale Stellar Lumens Trust and Grayscale Zcash Trust.

Grayscale Bitcoin Trust currently has $24.3 billion in AUM and 0.00094219 BTC/share. The company also has 692,370,000.100 shares outstanding.

Bybt, a crypto analytics platform, revealed that Grayscale has seen huge outflows across all of its trusts. Grayscale also saw inflows in the last 30 day on Litecoin Trust and MANA Trust as well as LPT Trust, LPT Trust and LINK Trust.

Grayscale was recently named the first crypto partner for an NFL team, the New York Giants. Grayscale is now the official Digitial Currency Asset Management Partner for the American football team.

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