What is Grayscale? Grayscale Investments is a leading cryptoc | Crypto Investment

What is Grayscale?

Grayscale Investments is a leading cryptocurrency fund, a subsidiary of the Digital Currency Group. According to the latest data, assets under management amount to $ 30.1 billion

Grayscale offers trusts for selected cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Zcash, Stellar, and Ethereum Classic. There are also two mixed trusts, filed trusts based on: Aave, EOS, Polkadot, Cosmos, Monero and Cardano. The XRP-based trust was closed after the start of a lawsuit between the SEC and Ripple.

Most of the assets are concentrated in the BTC trust - $ 24.3 billion, followed by the ETH trust - $ 4.95 billion. Together, they make up 97% of all funds under management.

Grayscale shares are traded on the OTC market and backed by an appropriate number of cryptocurrencies. The fund is known for buying more BTC after Bitcoin halving in May 2020 than miners mine