The Grayscale crypto asset management fund announced that it is currently down by a billion dollars as Bitcoin continues to trade in a range.
The Grayscale Investments team announced in a tweet posted on January 22 that the total amount of crypto the fund manages is $ 24.2 billion.
This is about $ 1 billion less than the amount stated in a tweet the day before.
Grayscale’s crypto caches continue to decline in value
Grayscale’s crypto assets seem to have shrunk as Bitcoin continues to trade in a range after the drop below $ 30,000 on Friday.
On Friday, the flagship cryptocurrency fell from $ 32,587 to $ 29,350 and then managed to regain the $ 33,666 mark.
But Grayscale posted his tweet with the AUM figure of $ 24.6 billion before Bitcoin rose above $ 33,500.
The table shared by Barry Silbert’s crypto hedge fund shows that all crypto assets, from Bitcoin to Zcash, are falling in value.
Grayscale LINK is the foundation for BAT, XTZ and two other Trust
Grayscale reportedly submitted documents to establish five more cryptocurrency trust funds.
These include the seventh-ranked cryptocurrency Chainlink, Tezos (XTZ), Basic Attention Token (BAT), Livepeer, and Decentraland (MANA).