Grayscale Investment Trust was established in 2013 by Digital Currency Group, which is the most powerful investment institution in the cryptocurrency space globally. Most of the top exchanges and projects in the crypto space you know have its involvement.
As a subsidiary of DCG, Grayscale manages multiple funds including BTC and ETH, both of which have passed SEC certification, becoming the only two legal investment options for institutions and retail investors in the U.S. stock market.
Grayscale holdings refer to a form of investment where fund managers use the funds in the fund to invest in stocks or bonds. Generally, it is applied in fund investments and is a common operational method in fund investments. Grayscale holdings mean investors acquire cryptocurrencies through purchasing Grayscale Asset Trust. Grayscale Asset Trust is an institutional-level investment tool that allows individuals and institutions to gain exposure to the explosive returns of the cryptocurrency market in a relatively simple way. This holding method is commonly used in long-term investment strategies for mainstream cryptocurrencies such as Bitcoin and Ethereum, with characteristics of risk diversification, leverage effect, and convenient trading, providing investors with diversified investment choices and profit opportunities.
Shortly after FIL was launched, Grayscale Fund included it in its holdings and made purchases. On March 15, 2021, Grayscale established the FIL trust product, purchasing for the first time near $80 on March 17. Over the following two years, Grayscale spent a total of $10.27 million on 34 FIL purchases, accumulating about 110,000 FIL, with the highest purchase price being $170 and the lowest being $19, resulting in an average cost of about $90.
Following is the year 2024, one year after; from 2021 to 2022, there were a total of 34 increases, purchasing about 110,000 FIL; in 2024, there were a total of 32 increases of FIL, with a total of 1,752,029 FIL increased, with major increases occurring on March 29, 2024, purchasing 351,900 FIL; on April 10, 2024, purchasing 101,800 FIL; on April 27, 2024, purchasing 199,800 FIL; and on May 29, 2024, purchasing 293,700 FIL.
Why did Grayscale Fund start buying FIL in large amounts again? Professional institutions prefer 'right-side trading' when investing, meaning they enter the market only when a trend is confirmed, so they are not buying at the 'lowest point,' but rather at a point of 'certainty.' Perhaps Grayscale views the current position as the bottom range for FIL; although the fundamentals haven't improved significantly, they aren't getting worse, and the certainty for a positive future has increased, leading them to continuously absorb chips. This 350,000 down is enough to prove that Wall Street has a strong consensus on FIL.
Note: Grayscale will not sell the digital assets managed by its trust, and there is currently no redemption mechanism. A decrease (negative value) in the chart indicates annual fees deducted periodically by Grayscale. The total assets managed by Grayscale Trust fluctuate with the price of the cryptocurrency.
Grayscale today increased holdings by 18,300 FIL, with an average total cost of $11.61; there were 32 increases in 2024, 7 in 2025, making it the 72nd increase of FIL, with total holdings exceeding 1,940,100 FIL!
Grayscale Fund invested a total of $10,275,027 before March 22, 2024.
Increased holdings by 109,135 FIL from the first to the 34th time.
Increased holdings by 113,500 FIL on March 23, 2024, at a cost of $7.80, investing $88.53.
Increased holdings by 55,700 FIL in the early hours of March 26, 2024, at a cost of $9.30, investing $518,000.
Increased holdings by 2,670 FIL on March 27, 2024, at a cost of $9.53, investing $25,445.
Purchased 6,840 FIL on March 28, 2024, at a cost of $9.13, investing $62,450.
Purchased 351,900 FIL on March 29, 2024, at a cost of $9.30, investing $3,271,837.
Purchased 14,000 FIL on April 1, 2024, at a cost of $9.24, investing $129,360.
Purchased 37,200 FIL on April 3, 2024, at a cost of $8.54, investing $317,688.
Purchased 97,600 FIL on April 4, 2024, at a cost of $8.64, investing $843,589.
Purchased 11,500 FIL on April 5, 2024, at a cost of $8.48, investing $98,000.
Purchased 2,801 FIL on April 8, 2024, at a cost of $9.22, investing $26,000.
Purchased 19,000 FIL on April 9, 2024, at a cost of $8.65, investing $170,000.
Purchased 101,800 FIL on April 10, 2024, at a cost of $8.53, investing $868,000.
Purchased 4,194 FIL on April 18, 2024, at a cost of $5.84, investing $25,000.
Purchased 8,451 FIL on April 19, 2024, at a cost of $5.59, investing $47,000.
Purchased 199,800 FIL on April 27, 2024, at a cost of $5.69, investing $1,136,800.
Purchased 293,700 FIL on May 29, 2024, at a cost of $5.85, investing $1,718,100.
Purchased 9,316 FIL on May 30, 2024, at a cost of $5.78, investing $53,800.
Purchased 4,134.46 FIL on June 3, 2024, at a cost of $5.82, investing $24,000.
Purchased 19,000 FIL on July 17, 2024, at a cost of $4.531, investing $86,000.
Purchased 22,100 FIL on July 23, 2024, at a cost of $4.683, investing $103,400.
Purchased 13,800 FIL on August 20, 2024, at a cost of $3.63, investing $50,000.
Purchased 13,500 FIL on September 4, 2024, at a cost of $3.354, investing $45,200.
Purchased 146,100 FIL on September 18, 2024, at a cost of $3.474, investing $510,400.
Purchased 21,200 FIL on September 27, 2024, at a cost of $4.013, investing $85,000.
Purchased 6,018.35 FIL on September 28, 2024, at a cost of $4.18, investing $25,100.
Purchased 8,393.85 FIL on October 5, 2024, at a cost of $3.628, investing $30,450.
Purchased 20,600 FIL on October 19, 2024, at a cost of $3.70, investing $76,200.
Purchased 32,500 FIL on October 22, 2024, at a cost of $3.83, investing $124,400.
Purchased 4,803.65 FIL on November 28, 2024, at a cost of $5.68, investing $27,100.
Purchased 7,709.22 FIL on December 19, 2024, at a cost of $5.75, investing $44,300.
Purchased 1,700.95 FIL on December 20, 2024, at a cost of $5.22, investing $8,874.
Purchased 100,500 FIL on December 28, 2024, at a cost of $4.97, investing $499,400.
Purchased 11,800 FIL on January 1, 2025, at a cost of $4.99, investing $58,800.
Purchased 2,417 FIL on January 8, 2025, at a cost of $5.49, investing $13,200.
Purchased 19,600 FIL on January 11, 2025, at a cost of $5.15, investing $100,900.
Purchased 9,501 FIL on January 16, 2025, at a cost of $5.55, investing $52,700.
Purchased 23,500 FIL on January 22, 2025, at a cost of $5.22, investing $122,600.
Purchased 9,766 FIL on January 22, 2025, at a cost of $5.03, investing $49,100.
Purchased 18,300 FIL on February 12, 2025, at a cost of $3.34, investing $61,100.
Currently total holdings: 1,940,100 FIL.
Total cost: $22,527,498.
Average: $11.61 per FIL.