Digital Currency Group Authorizes the Purchase of $1 Billion Worth of GBTC Shares

Digital Currency Group, which is the largest cryptocurrency asset manager in the world, has authorized the purchase of $1 billion worth more shares of Grayscale’s Bitcoin Trust.

According to a press release dated October 20, Digital Currency Group raised its authorization from $750m to $1billion. This means that it will now have the largest share with over $40 billion. Somewhat expectedly, the Bitcoin Trust is responsible for the largest share with over $40 billion.Additionally, Grayscale is striving to convert its Bitcoin Trust into a spot Bitcoin ETF and has reportedly filed documents with the SEC to do so.10/19/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.

Total AUM: $54.3 billion$BTC $BAT $BCH $LINK $MANA $ETH $ETC $FIL $ZEN $LTC $LPT $XLM $ZEC $UNI $AAVE $COMP $CRV $MKR $SUSHI $SNX $YFI $UMA $BNT $ADA $SOL pic.twitter.com/gpLnx7ZdtV

— Grayscale (@Grayscale) October 19, 2021

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Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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