Grayscale Loses $4.1 Billion Crypto AUM in Single Day as Bitcoin Plunged to $44,900

in hive-116221 •  4 years ago 

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According to a recent Grayscale tweet, the amount of crypto assets under its management now totals $37.9 billion, as of Feb. 23.

That is $4.1 billion less than a day before when the Barry Silbert-affiliated crypto hedge fund held a staggering $42 billion in cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, etc.

Grayscale loses $4.1 billion in crypto in one day

Grayscale, a subsidiary of Barry Silbert's Digital Currency Group, has spread the word that between Feb. 22 and Feb. 23, the worth of its crypto assets shrank by $4.1 billion and totals $37.09 billion at press time.


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