{"id":30623,"date":"2020-10-23T17:11:32","date_gmt":"2020-10-23T14:11:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30623"},"modified":"2025-08-27T23:13:25","modified_gmt":"2025-08-27T20:13:25","slug":"grayscale-crypto-funds-rise-by-300m-in-a-single-day","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/grayscale-crypto-funds-rise-by-300m-in-a-single-day\/","title":{"rendered":"Grayscale crypto funds rise by $300m in a single day"},"content":{"rendered":"<p>Barry Silbert, head of Grayscale Investments, said the company&#8217;s crypto assets rose by $300 million in a single day.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Added a cool $300 million in AUM in one day <a href=\"https:\/\/t.co\/G2lKu6QqxI\">https:\/\/t.co\/G2lKu6QqxI<\/a><\/p>\n<p>\u2014 Barry Silbert (@BarrySilbert) <a href=\"https:\/\/twitter.com\/BarrySilbert\/status\/1319384308738629632?ref_src=twsrc%5Etfw\">October 22, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The total value of the crypto assets under management by the investment firm reached $7.3 billion.<\/p>\n<p>The Grayscale Bitcoin Trust (GBTC) surpassed $6 billion, and the second-most-popular Ethereum Trust nearly reached $1 billion. The Litecoin Trust posted the largest daily gain \u2014 36.27%.<\/p>\n<p>According to <a href=\"https:\/\/bitcointreasuries.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin Treasures<\/a>, the volume of investments by public companies in the first cryptocurrency exceeded $10 billion. At the time of writing, this figure corresponds to 785,999 BTC.<\/p>\n<div id=\"attachment_114250\" style=\"width: 721px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-114250\" class=\"size-full wp-image-114250\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image2-214.png\" alt=\"\u041a\u0440\u0438\u043f\u0442\u043e\u0444\u043e\u043d\u0434\u044b Grayscale \u0432\u044b\u0440\u043e\u0441\u043b\u0438 \u043d\u0430 $300 \u043c\u043b\u043d \u0437\u0430 \u043e\u0434\u0438\u043d \u0434\u0435\u043d\u044c\" width=\"711\" height=\"599\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/image2-214.png 711w, https:\/\/forklog.com\/wp-content\/uploads\/image2-214-300x253.png 300w\" sizes=\"auto, (max-width: 711px) 100vw, 711px\" \/><\/p>\n<p id=\"caption-attachment-114250\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/bitcointreasuries.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin Treasuries<\/a>.<\/p>\n<\/div>\n<p>The uptick in Grayscale&#8217;s assets under management comes amid a rally in Bitcoin. On October 23, the asset was trading near $13,000.<\/p>\n<div id=\"attachment_114251\" style=\"width: 1360px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-114251\" class=\"size-full wp-image-114251\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image1-345.png\" alt=\"\u041a\u0440\u0438\u043f\u0442\u043e\u0444\u043e\u043d\u0434\u044b Grayscale \u0432\u044b\u0440\u043e\u0441\u043b\u0438 \u043d\u0430 $300 \u043c\u043b\u043d \u0437\u0430 \u043e\u0434\u0438\u043d \u0434\u0435\u043d\u044c\" width=\"1350\" height=\"760\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/image1-345.png 1350w, https:\/\/forklog.com\/wp-content\/uploads\/image1-345-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/image1-345-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/image1-345-768x432.png 768w\" sizes=\"auto, (max-width: 1350px) 100vw, 1350px\" \/><\/p>\n<p id=\"caption-attachment-114251\" class=\"wp-caption-text\">Hourly BTC\/USD chart from Bitstamp on TradingView.<\/p>\n<\/div>\n<p>Earlier, CryptoCompare <a href=\"https:\/\/forklog.com\/en\/news\/grayscale-bitcoin-trust-clients-earned-less-than-btc-holders-in-october\">reported<\/a> that BTC holders earned more than Grayscale&#8217;s Bitcoin Trust clients. From September 20 to October 20, the price of the first cryptocurrency on the spot market rose by 6.6%, and GBTC&#8217;s price rose by only 3%.<\/p>\n<p>As of October 20, assets under management by Grayscale Investments <a href=\"https:\/\/forklog.com\/en\/news\/grayscales-crypto-assets-under-management-reach-6-5-billion\">stood at<\/a> $6.5 billion.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Barry Silbert, head of Grayscale Investments, said the company\u2019s crypto funds rose by $300 million in a single day.<\/p>\n","protected":false},"author":1,"featured_media":30624,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[370,1214,943],"class_list":["post-30623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-barry-silbert","tag-grayscale-bitcoin-trust","tag-grayscale-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/30623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=30623"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/30623\/revisions"}],"predecessor-version":[{"id":30625,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/30623\/revisions\/30625"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/30624"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=30623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=30623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=30623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}