Compared to its peak of $ 60.9 billion in early November, the volume of cryptocurrencies held by the grayscale investment fund by the finish of 2021 is only $ 43.six billion.
According to information launched on December 31, 2021, well known cryptocurrency investment fund Grayscale now holds $ 43.six billion in key cryptocurrencies, down 28% from the $ 60.9 billion record set on eleven. / 9.
UPDATE twelve/31/21: Net Assets Under Management, Holdings per Share and Market Price per Share for our investment solutions.
Total AUM: $ 43.six billion$ BTC $ BAT $ BCH $ LINK $ MANA $ ETH $ ETC $ FIL $ ZEN $ LTC $ LPT $ XLM $ ZEC $ UNI $ AAVE $ COMP $ CRV $ MKR $ SUHI $ SNX $ YFI $ UMA $ BNT $ ADA $ SOL pic.twitter.com/vCkExTIjHh
– Grayscale (@ Grayscale) December 31, 2021
Notably, the USD worth of the Bitcoin fund – Grayscale’s most held cryptocurrency – fell by thirty% from USD 43.five billion to just USD thirty.four billion. Similarly, the Etherem fund also noticed its worth disappear from $ 15 billion to $ eleven.six billion, a reduce of 22%.
This is a consequence of the continued correction in the cryptocurrency industry in the final two months of 2021, the most critical remaining on December 4th, when Bitcoin from time to time dropped to $ 42,000.
UPDATE eleven/21/21: Net Assets Under Management, Holdings per Share and Market Price per Share for our investment solutions.
Total AUM: $ 60.9 billion$ BTC $ BAT $ BCH $ LINK $ MANA $ ETH $ ETC $ FIL $ ZEN $ LTC $ LPT $ XLM $ ZEC $ UNI $ AAVE $ COMP $ CRV $ MKR $ SUHI $ SNX $ YFI $ UMA $ BNT $ ADA $ SOL pic.twitter.com/X0HpoPmaKO
– Grayscale (@ Grayscale) November 9, 2021
In 2021, the Grayscale crypto fund is also in terrific turmoil. After getting rid of XRP in January due to worries above a lawsuit in between the SEC and Ripple, the firm determined to select Chainlink (Hyperlink) as an different currency to XRP. Then, in April, Grayscale announced the establishment of a fund to invest in five new altcoins, which include Basic Attention Token (BAT), Chainlink (Hyperlink), Decentraland (MANA), Filecoin (FIL) and Livepeer (LPT).
In July, Grayscale went on to generate a fund to invest in DeFi tokens, containing lots of large names this kind of as UNI, AAVE, SUSHI, COMP, CRV, MKR, SNX, YFI, UMA and BNT.
In October, in the wake of the SEC-accredited Bitcoin ETF, Grayscale submitted an application to the commission with the ambition of turning all of its current cryptocurrency investment money into ETFs. Grayscale’s application is anticipated to be reviewed by the SEC in 2022.
Finally, in November, Grayscale announced that it would set up its very own investment fund for Solana (SOL), the cryptocurrency that has grown tremendously above the previous 12 months, developing a DeFi ecosystem that can rival lots of other large names in the market.
Synthetic Currency 68
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