Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Cryptos

World’s biggest crypto hedge fund manages $37.8 billion

Olumide Adesina by Olumide Adesina
February 14, 2021
in Cryptos, Spotlight
A new survey has shown that though many crypto exchanges affirm their commitment to warding off criminals who aim to launder money and fund terrorist activities, Crypto: Investors flocking in large numbers into altcoins
Share on FacebookShare on TwitterShare on Linkedin

The world’s biggest crypto hedge fund manager, Grayscale, now has a whopping sum of $37.8 billion under its management as of 12th February, 2021.

Grayscale, whose publicly-traded crypto assets offer rich investors the chance to trade crypto on the equity market, has had its crypto holdings gain twelve times since the start of 2020.

02/12/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.

Total AUM: $37.8 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $ZEC pic.twitter.com/Xr1b5OVvg1

— Grayscale (@Grayscale) February 12, 2021

RelatedPosts

Major reasons why Bitcoin and the crypto market are struggling in June

Sky Mavis opens Ronin bridge after $625 million hack

Most of the massive holdings of the crypto hedge fund juggernaut includes $31 billion held in Grayscale Bitcoin Trust. That said, Bitcoin’s soaring prices also helped the hedge fund hit $20 billion by the end of 2020.

Grayscale Bitcoin Trust is a traditional investment vehicle with shares titled in the investors’ names, providing a familiar structure for financial and tax advisors, and easy transferability to beneficiaries under estate laws.

READ: World biggest crypto hedge fund: Grayscale Crypto holdings now $9.8 billion

Investors are increasing their cash flow investments to notable crypto hedge funds, who are prepared to pay a premium to buy and hold cryptos through the security of a regulated fund like Grayscale.

According to Glassnode, “Since Grayscale Ethereum Trust reopened in February, a total of 195,000 ETH has flown into the trust. 53,000 Ethereum was added yesterday alone.

The current Assets Under Management of Grayscale Ethereum Trust is $5.5 Billion – more than double since the beginning of the year.”

Metric Description; The Assets Under Management of the Grayscale Ethereum Trust,

READ: Crypto company, Paxos seeks approval to be a U.S National Bank

Since the Grayscale #Ethereum Trust reopened in February, at total of 195,000 ETH have flown into the trust.

53,000 #ETH were added yesterday alone.

The current AUM of the ETHE Trust is $5.5B – more than double since the beginning of the year.

Chart ? https://t.co/vMSR92txy9 pic.twitter.com/SgZ3ntLDqk

— glassnode (@glassnode) February 12, 2021

What you need to know about hedge funds

They are firms that offer alternative investments to a specific type of investors (high net worth individuals), in a bid to protect their investment portfolios from market uncertainty, while generating positive returns regardless of market sentiments.

Related

Tags: BitcoincryptoEthereumGrayscaleGrayscale Ethereum TrustHedge funds

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Hot forex
Cornerstone
Mega Millions
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Bulls are back: Nigerian stock market gains N8 billion
    • Why court awarded Nigerian musician N20 million in damages against MTN, others
    • Dangote Cement appoints Dr. Gbenga Fapohunda as Acting Group Chief Finance Officer

    Follow us on social media:

    Recent News

    Nigerian stock market dips 0.57% as investors part with N117 billion

    Bulls are back: Nigerian stock market gains N8 billion

    June 30, 2022
    Federal Government Vs Petro Union: $15 billion case resumes today

    Why court awarded Nigerian musician N20 million in damages against MTN, others

    June 30, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com