Crypto Money Fund Grayscale Sets A New Record – Somag News

The cryptocurrency fund Grayscale has set a new record, bringing the total market value of its managed assets to $ 6.4 billion.

Grayscale shared his record announcement on his Twitter account last night. According to the chart shared in the announcement, the total value of Grayscale Bitcoin Trust (GBTC) fund leads with $ 5.8 billion. The market value of the fund per share is seen to be trading at $ 12.43. Ethereum Trust (ETHE) ranks first with a total fund value of $ 855 million, while the market value of the fund is $ 50.65 per share.

Apart from Bitcoin (BTC) and Ethereum (ETH), Grayscale’s assets are also composed of other cryptocurrencies. These include Bitcoin Cash (BTC), Ethereum Classic (ETC), Litecoin (LTC), XRP, Stellar (XLM) and Zcash (ZEC). In this ranking, Ethereum Classic takes the first place with a total value of $ 67.1 million, while Stellar is at the end of the ranking with $ 1.2 million.


Barry Silbert, CEO of Digital Currency Group, which Grayscale Investments is affiliated with, also quoted Grayscale’s tweet and made a comment. Silbert commented that there may be major flows this week, signaling that the developments could be