The Coin Shark: Grayscale Loses $4.1 Billion in Assets Under Management
Grayscale Loses $4.1 Billion in Assets Under Management?
The decline in Bitcoin’s value which occurred on February 22, led to a sharp reduction in funds under management of the largest Bitcoin whale Grayscale. In BTC and other cryptocurrencies, the company lost more than 4 billion dollars
This happened at the moment when the price of Bitcoin broke through the bottom and dropped to $44 900. As a result, the crypto AUM Grayscale fell to $37.9 billion, though it was $4 billion a day earlier.
The main currencies of the crypto-portfolio fund are BTC, ETH, BCH. In Bitcoins, the investment portfolio decreased by $3.3 billion. ETH - $0.71 billion.
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