The value of the Bitcoin, Ether and other cryptocurrencies held in Grayscale Investments' funds has exceeded $40.9B. According to the company CEO Michael Sonnenshein, the figure has doubled since January 1.
One of the most popular instruments among investors is the Grayscale Bitcoin Trust (GBTC). At press time, it holds 653,770 BTC worth $34.3B.
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Meanwhile, the Grayscale Ethereum Trust, the second largest fund by assets, contains 3.15 million ETH worth $5.85B.
The total asset value of Grayscale Investments' investments is being positively affected by the rising price of Bitcoin and Ether. According to Bitcoin Treasuries, GBTC accounts for just over 3% of the Bitcoin supply (21 million coins).