Grayscale Investment Showcases $90 Million in Ethereum Classic (ETC) Portfolio
On Tuesday, August 7, digital currency investment firm, Grayscale Investments reported its holdings per share, day change and net assets of their single-asset products via Twitter. The highest net assets as per the asset products belongs to the Bitcoin Investment Trust. Interestingly enough, Ethereum Classic Investment Trust follows suit with net assets sitting at nearly $90 million.
As per the statistics provided, Grayscale Investment holds a total of $1.53 billion in single asset products alone. The increase in asset management could have resulted in recent news that crypto exchange, Coinbase has commenced its support for ETC, including the support provided by Robinhood as well.
Coinbase and Robinhood’s support induced ETC prices to go up to USD$19.55 within just hours of the announcements. Sledge Feed has also revealed that by the AltDex 100 Index, ETC has secure 11th position and this comes after moving up the list, passing popular tokens like NEO and XMR. At the time of writing, ETC has a total market capitalization of nearly USD$1.7 billion, with its current price sitting at USD$16.45.