Replies to post #24813 on Grayscale Bitcoin Trust (GBTC)

[KICK1]

Truth!

[stockfan100]

That is correct. Grayscale just announced it today. It is great for GBTC and GDLC!

"Grayscale Adds $1 Billion in Bitcoin, Nears $50 Billion in Total AUM

Apr 11, 2021

As institutional interest increases, Grayscale added $1 billion worth of Bitcoin in barely 24 hours, increasing its total AUM to $46.1 billion.

Investment giant Grayscale recently added another $1 billion worth of Bitcoin in almost 24 hours. Now, the firm nears the $50 billion mark with $46.1 billion in total assets under management (AUM)

As reported by CryptoPotato recently, the investment firm increased its total AUM by more than $3 billion, shortly after expanding its crypto-trust offerings by adding five new tokens for their eligible accredited investors.

The Grayscale Bitcoin Trust (GBTC) accounts for $38.1 billion (82.64%) of Grayscale’s total AUM, while the Ethereum Trust (ETHE) accounts for $6.6 billion (14.26%). The remaining trusts, including Bitcoin Cash and Litecoin, account for the rest.

Notably, tokens such as Filecoin, Livepeer, Basic Attention token, MANA, and LINK saw a surge in price after Grayscale announced adding them into the list of offered trusts. The company expanded its total number of trusts to 14 after CEO Michael Sonnenshein explained they see many clients seeking exposure to more crypto assets."

https://cryptopotato.com/grayscale-adds-1-billion-in-bitcoin-nears-50-billion-in-total-aum/

I have read that they're holding a lot now. Fantastic!