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Grayscale investing more of its capital in crypto

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Grayscale Investments is a company headquartered in New York and manages digital currency investment funds.

The firm is buying more digital assets like Bitcoin Cash, Litecoin, and Ethereum Classic, amounting to approximately $39 billion of crypto under its management. In the last 224 hours, according to current data from Bybt.com, Grayscale acquired 1,822 Bitcoin Cash, 1,468 Litecoin, and 80,300 Ethereum Classic.

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The data also shows 35 bitcoins and 151 ether outflow the company in only a day. Bitcoin is still in the first position, as the company possesses more than 650,000 tokens, and their total value amounts to nearly $33.5 billion.

It is noticeable that the Litecoin Trust has increased since the beginning of 2021. Grayscale bought 1.45 million LTC under management, and their value is around $275 million. With the purchases of the last few weeks, the company has now 289,000 Bitcoin Cash (BCH) worth $153 million, and a $140 million worth of Ethereum Classic.

All this activity shows once more how important cryptocurrency is becoming lately, and the number of people buying it keeps growing.

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