Thursday, July 29

Grayscale Loses $ 2.1 Billion in Bitcoin and Other Cryptocurrencies in 24 Hours

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grayscale

Major cryptocurrency fund Grayscale lost $2.1 billion in crypto assets in just one day. Major investment fund Grayscale, a subsidiary of Barry Silbert’s Digital Currency Group, tweeted that the size of cryptocurrency assets had dropped from $ 36.2 billion to $ 34.1 billion the day before. It is reported that there have been exits from Grayscale not only in the last 24 hours, but also in the past months.

Lost $2.1 Billion

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Grayscale Investments tweeted on Thursday, May 27, that the amount of crypto it holds has dropped by $2.1 billion in the past twenty-four hours, with the company currently holding $34.1 billion instead of $36.2. Data provided by the Bybt analytics platform shows that exits from Grayscale crypto trusts have occurred not only in the last 24 hours or last week, but also in the last month.

According to the chart, it is mainly Bitcoin and major altcoins that have been pulling back into the secondary markets after investors locked their funds with Grayscale for half a year.

According to the data covering the last 30 days, besides Litecoin, the newly added cryptos (MANA, LPT, LINK, FIL and BAT) are in better condition.

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