World's largest crypto investment manager tops $10 bn in assets

Grayscale, the world’s largest digital currency asset manager said on Wednesday its assets under management soared to a record $10.4 billion. Bitcoins represent about 80% of Grayscale's assets, with the cryptocurrency's value jumping to $18,483 as of Wednesday, its highest since 2017. Grayscale MD Michael Sonnenshein said Bitcoin's ability to overcome challenges and staying power lures investors.