Investment firm Grayscale Investments said that assets in its cryptocurrency funds under management (AUM) for the week rose by 8%, reaching $6.3 billion.
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09/01/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
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Total AUM: $6.3 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/NHR4z0KtQR
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— Grayscale (@Grayscale) September 1, 2020
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Compared with the previous week, AUM rose by $500 million.
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Grayscale offers trust funds in Ethereum, Bitcoin Cash, XRP, Litecoin, Stellar Lumens, Horizen, Ethereum Classic and Zcash.
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Horizen — the only trust that declined slightly over the week from $3.8 million to $3.7 million. Bitcoin Trust accounts for the lion’s share — more than 80% of the investments totaling $5.054 billion, in second place Ethereum Trust with $991.6 million. Capital inflows to the Bitcoin-based fund amounted to $247.1 million, to ETH-based fund $173.9 million, Litecoin $5.8 million.
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Despite the recent attack on the Ethereum Classic network, the ETC trust rose by $3.3 million for the week to $81.9 million.
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Earlier, advertising for Grayscale trusts appeared on American television, but the company refused to air the videos on Fox News due to the host’s controversial stance.
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