The Digital asset manager called Grayscale has added hundreds of millions of pounds worth of Bitcoin (BTC) and Ethereum (ETH) to its cryptocurrency portfolio in the last few weeks.
According to the trading platform Bybt, Greyscale had snatched up an additional 7,280 BTC worth £250.11 million and 240,000 Ethereum worth £259.61 million to its holdings from February 1st to February 26th. In total, Grayscale pushed its total GBTC and ETH holdings by £509.30 million this month.
Bybt has shown that Grayscale had 648,470 BTC in its Grayscale Bitcoin Trust on February 1st and grew its stash of the largest crypto asset to around 655,750 by February 26th.
Grayscale started February with 2.93 million ETH in their portfolio. By February 26th, the crypto giant trust accumulated its total ETH holdings to 3.17 million.
According to Bybt, Grayscale’s accumulation of the two largest crypto assets brings the investment firm’s total assets under management to £25.41 billion,
In 2020, the Grayscale Bitcoin Trust had grown from £1.29 billion to a whopping £12.57 billion in AUM.
While Bitcoin & Ethereum make up the bulk of Grayscales portfolio, they also offer other products that allow exposure to Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), Horizen (ZEN), and Stellar (XLM), Zcash (ZEC).
Also, Grayscale turned heads in January when they registered a list of new altcoin trusts. These trusts include Aave (AAVE), Cardano (ADA), EOS (EOS), Monero (XMR), Cosmos (ATOM), Uniswap (UNI) and Polkadot (DOT).