$ 1 billion in cryptocurrencies in 24 hours: Grayscale continues to accumulate

Charlie Taylor

With its cryptocurrency products for institutional investors, Grayscale he bought another billion dollars in Bitcoin and other cryptocurrencies. On Friday, the company held a total of $ 46.1 billion against $ 45.1 billion that stopped the day before, according to his official Twitter account.Table: AUM of each Grayscale cryptocurrency product.AUM of each Grayscale cryptocurrency product. Source: grayscale.co Just a week ago, Grayscale kept up a slightly slower pace, adding $ 3 billion in 4 days, adding considerable amounts of bitcoin, ether, bitcoin cash and litecoin to its products. In mid-March, demand for altcoins caused the giant asset manager to launch funds from Chainlink, Basic Attention Token, Livepper and Decentraland.

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In addition, Grayscale announced this week that the company plans to transform its largest product, Grayscale Bitcoin Trust, into a Bitcoin-based ETF. Unlike Brazil, where the CVM has already authorized the creation of 2 exchange-traded cryptocurrency funds, one of which is 100% bitcoin, the United States is still behind in this institutional race, but on the other hand, among the 31 publicly traded companies that have bitcoin on their balance sheets, including the Tesla that makes up the S & P500, according to BitcoinTreasuries, none of them are listed on the Brazilian stock exchange.See also: NYDIG signs partnerships to bring Bitcoin to the insurance industry, a $ 6 trillion market

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