New York-based crypto asset manager recently Grayscale released an update on its asset under management (AUM). One of the highlights is the value of Ethereum under the control of the asset manager. According to the report, it now has 3 million Ethereum worth $10 billion in its care.

Bitcoin still tops the chart

Although Grayscale has increased its holdings on Ethereum, Bitcoin remains the largest accumulated cryptocurrency by the digital asset manager. The firm has over 640,000 BTC worth about $30 billion, based on the current price of the token. Grayscale also has other digital assets in its care, including $300 million worth of Litecoin (LTC) and $700 million worth of Ethereum Classic.

Ethereum’s network activity also increases

Ethereum’s network activity across several platforms has also increased massively since the beginning of the month. Crypto analysis platform, Glassnode, reported that Ethereum’s activity on major crypto exchanges was at its lowest in two years. One major reason is the increased activities of Ethereum whales to move their ETH holdings away from crypto exchanges to other unknown digital wallets.

At the time of writing, the second largest crypto asset is trading at $3,300, with a market capitalization of $380 billion.

Grayscale’s AUM hits $41 billion

Based on the latest data published, Grayscale also made more improvements in its AUM for other crypto assets. Now, the total value of assets under management stands at an impressive $41.4 billion. This has further consolidated its place as one of the largest digital asset managers.

Last month, the company had only $33 billion AUM, but the recent publication means it has grown the assets under its care by 25%.

To further analyze the level of growth, Grayscale had about $20 billion digital AUM at the beginning of the year.

The company started increasing its accumulation of Ethereum this year. But it added a majority of the digital assets in the first week of March when it accumulated about 20,000 ETH.