Grayscale Investment Trust was established in 2013 by Digital Currency Group, which is the most powerful investment institution in the cryptocurrency space. Almost all the major exchanges and projects you know in the cryptocurrency realm have its presence.
As a subsidiary of DCG, Grayscale manages multiple funds including BTC and ETH, both of which have passed SEC certification, becoming the only two options for institutional legal investment and retail investors in the U.S. stock market.
Grayscale's holdings refer to the way fund managers use the capital in the fund to invest in stocks or bonds. When investing, users expect the stock to rise. This is generally applied in fund investments and is a common operational method within fund investments. Grayscale's holdings refer to investors acquiring cryptocurrency held by Grayscale Trust. Grayscale Trust is an institutional-level investment tool that allows individuals and institutions to gain access to the explosive returns of the cryptocurrency market in a relatively simple manner. This holding method is commonly used in long-term investment strategies for mainstream cryptocurrencies like Bitcoin and Ethereum, providing features such as risk diversification, leverage effects, and convenient trading, offering investors diverse investment options and opportunities for returns.
Not long after FIL was launched, it was included in Grayscale's holdings and purchased. On March 15, 2021, Grayscale established the FIL trust product, and on March 17, it first purchased around $80. Over the next 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, with an average cost of about $90.
In the year 2024, after a year gap, a total of 34 purchases were made between 2021-2022, totaling about 110,000 pieces; in 2024, there were 32 purchases of FIL, acquiring a total of 1,752,029 pieces of FIL, including large purchases of 351,900 pieces on March 29, 2024; 101,800 pieces on April 10, 2024; 199,800 pieces on April 27, 2024; and 293,700 pieces on May 29, 2024.
Why has Grayscale begun to buy FIL in large quantities again? Professional institutions prefer to make 'right-side trades' during investment, meaning they enter the market only after confirming the trend has started. Therefore, they are not buying at the 'lowest point,' but rather at 'certainty.' Perhaps Grayscale sees the current situation as the bottom range for FIL; while the fundamentals have not improved significantly, they are not expected to worsen, and the certainty of future improvements is increasing. Hence, they have started to continuously absorb shares. The purchase of 350,000 pieces is enough to prove that Wall Street has a strong consensus that it is very optimistic.
Note: Grayscale will not sell the digital assets managed by its trust; currently, there is no redemption mechanism. The decrease (negative) in holdings shown in the chart is due to Grayscale's periodic annual fees. The total scale of assets managed by Grayscale Trust changes with the price of the cryptocurrency.
Grayscale added 29,900 pieces of FIL today, with a total average cost of $11.22; there were 32 purchases in 2024, the 11th purchase in 2025, making it the 76th purchase of FIL, with a total holding of over 2,033,400 FIL!
The Grayscale fund invested a total of $10,275,027 before March 22, 2024.
From the first to the 34th purchase, a total of 109,135 pieces of FIL were added.
On March 23, 2024, an additional 113,500 pieces were added at a cost of $7.8, with an investment of $88.53.
On March 26, 2024, an additional 55,700 pieces of FIL were added at a cost of $9.3, with an investment of $518,000.
Added 2,670 pieces of FIL on March 27, 2024, at a cost of $9.53, with an investment of $25,445.
Purchased 6,840 pieces on March 28, 2024, at a cost of $9.13, with an investment of $62,450.
Purchased 351,900 pieces on March 29, 2024, at a cost of $9.3, with an investment of $3,271,837.
Purchased 14,000 pieces on April 1, 2024, at a cost of $9.24, with an investment of $129,360.
Purchased 37,200 pieces on April 3, 2024, at a cost of $8.54, with an investment of $317,688.
Purchased 97,600 pieces on April 4, 2024, at a cost of $8.64, with an investment of $843,589.
Purchased 11,500 pieces on April 5, 2024, at a cost of $8.48, with an investment of $98,000.
Purchased 2,801 pieces on April 8, 2024, at a cost of $9.22, with an investment of $26,000.
Purchased 19,000 pieces on April 9, 2024, at a cost of $8.65, with an investment of $170,000.
Purchased 101,800 pieces on April 10, 2024, at a cost of $8.53, with an investment of $868,000.
Purchased 4,194 pieces on April 18, 2024, at a cost of $5.84, with an investment of $25,000.
Purchased 8,451 pieces on April 19, 2024, at a cost of $5.59, with an investment of $47,000.
Purchased 199,800 pieces on April 27, 2024, at a cost of $5.69, with an investment of $1,136,800.
Purchased 293,700 pieces on May 29, 2024, at a cost of $5.85, with an investment of $1,718,100.
Purchased 9,316 pieces on May 30, 2024, at a cost of $5.78, with an investment of $53,800.
Purchased 4,134.46 pieces on June 3, 2024, at a cost of $5.82, with an investment of $24,000.
Purchased 19,000 pieces on July 17, 2024, at a cost of $4.531, with an investment of $86,000.
Purchased 22,100 pieces on July 23, 2024, at a cost of $4.683, with an investment of $103,400.
Purchased 13,800 pieces on August 20, 2024, at a cost of $3.63, with an investment of $50,000.
Purchased 13,500 pieces on September 4, 2024, at a cost of $3.354, with an investment of $45,200.
Purchased 146,100 pieces on September 18, 2024, at a cost of $3.474, with an investment of $510,400.
Purchased 21,200 pieces on September 27, 2024, at a cost of $4.013, with an investment of $85,000.
Purchased 6,018.35 pieces on September 28, 2024, at a cost of $4.18, with an investment of $25,100.
Purchased 8,393.85 pieces on October 5, 2024, at a cost of $3.628, with an investment of $30,450.
Purchased 20,600 pieces on October 19, 2024, at a cost of $3.7, with an investment of $76,200.
Purchased 32,500 pieces on October 22, 2024, at a cost of $3.83, with an investment of $124,400.
Purchased 4,803.65 pieces on November 28, 2024, at a cost of $5.68, with an investment of $27,100.
Purchased 7,709.22 pieces on December 19, 2024, at a cost of $5.75, with an investment of $44,300.
Purchased 1,700.95 pieces on December 20, 2024, at a cost of $5.22, with an investment of $8,874.
Purchased 100,500 pieces on December 28, 2024, at a cost of $4.97, with an investment of $499,400.
Purchased 11,800 pieces on January 1, 2025, at a cost of $4.99, with an investment of $58,800.
Purchased 2,417 pieces on January 8, 2025, at a cost of $5.49, with an investment of $13,200.
Purchased 19,600 pieces on January 11, 2025, at a cost of $5.15, with an investment of $100,900.
Purchased 9,501 pieces on January 16, 2025, at a cost of $5.55, with an investment of $52,700.
Purchased 23,500 pieces on January 22, 2025, at a cost of $5.22, with an investment of $122,600.
Purchased 9,766 pieces on January 22, 2025, at a cost of $5.03, with an investment of $49,100.
Purchased 18,300 pieces on February 12, 2025, at a cost of $3.34, with an investment of $61,100.
Purchased 23,000 pieces on April 22, 2025, at a cost of $2.62, with an investment of $60,200.
Purchased 26,700 pieces on May 20, 2025, at a cost of $2.87, with an investment of $76,600.
Purchased 28,800 pieces on June 19, 2025, at a cost of $2.37, with an investment of $68,200.
Purchased 29,900 pieces on July 24, 2025, at a cost of $2.76, with an investment of $82,500.
Currently holding: 2,033,400 pieces.
Total cost: $22,815,058.
Average: $11.22 per piece.
