Grayscale Investments Reveals $90M Bet on Ethereum Classic (ETC)

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Grayscale Investments Reveals $90M Bet on Ethereum Classic (ETC)

Crypto management company Grayscale Investments reported on Thursday it has about $90 million in (ETC) holdings.

Grayscale Investments, which is part of Barry Silbert’s Digital Currency Group, has eight crypto funds in its portfolio, where the prime targets are institutional and accredited investors.

The firm revealed via Twitter that it now manages over $1.5 billion in digital assets — up from $1.4 billion reported in July. While (BTC) makes up approximately $1.38 billion of Grayscale’s crypto holdings, Classic is now the second largest possession of the firm. Following ETC in the list of Grayscale holdings are Zcash (ZEC), Ethereum (ETH), (BCH), (XRP) and (LTC).

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