via Quoteinspector.com

Grayscale Investments, a crypto-focused investment fund, has published its current holdings as of July 10, 2018, revealing sizable holdings in both Bitcoin (BTC) and Ethereum Classic (ETC).

According to the updated report, Grayscale currently has nearly $1.4 billion in digital assets under management, which includes over $1.2 billion in Bitcoin alone.

Grayscale’s Investment Trusts offer accredited investors the opportunity to gain exposure to cryptocurrencies without needing to directly purchase the digital assets, which ultimately works to boost adoption and awareness of these coins. As more institutional investors move into the space, these sort of investment vehicles will offer a unique method of portfolio diversification.

The Digital Large Cap Fund, which holds nearly $12 million in assets, consists of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC) weighted by market cap. This fund is rebalanced quarterly and currently has 1,909,400 shares outstanding.

Grayscale also recently announced that it plans to launch its ninth product, a ZenCash Investment Trust, in the third quarter of this year. These new products are only available to accredited investors for the first year but are offered to the general public following the lockout period.

Related: Grayscale to Launch ZenCash Investment Trust
Photo: QuoteInspector

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.