Grayscale Investment Trust was established in 2013 by Digital Currency Group (DCG), which is highly influential in the cryptocurrency space, and can be seen in many well-known top-tier exchanges and projects. As a subsidiary of DCG, Grayscale is responsible for managing multiple funds including BTC and ETH, both of which were the first to receive certification from the U.S. Securities and Exchange Commission (SEC), making them the only two options for institutional legal investment and participation by retail investors in the U.S. stock market. Grayscale holdings refer to an investment method where investors hold cryptocurrencies through purchasing Grayscale Trust, a common operation form in fund investments. As an institutional-level investment tool, Grayscale Trust provides individuals and institutions with a relatively convenient way to access potentially high returns in the cryptocurrency market. This holding method is widely used in long-term investment strategies for mainstream cryptocurrencies like Bitcoin and Ethereum, featuring risk diversification, leverage effects, and trading convenience, offering investors diversified investment choices and profit opportunities. It is important to note that Grayscale currently does not sell the digital assets managed by its trust, meaning there is no redemption mechanism, and the decrease in holdings shown in the chart is usually due to the annual fees deducted by Grayscale at irregular intervals. The total assets managed by Grayscale Trust will fluctuate with the price movements of the currencies. In terms of FIL investment, Grayscale today increased its holdings by 11,800 FIL, with a total average cost of $11.88; a total of 32 purchase operations were conducted throughout 2024, and this increase at the beginning of 2025 is the 66th increase of FIL, with the total holding now exceeding 1.8613 million FIL. Looking back at 2024, Grayscale funds cumulatively invested $10,275,027 before March 22, with a total of 109,135 FIL from the first to the 34th increase. Since March 23, Grayscale has repeatedly increased its holdings of FIL, with specific details as follows: - On March 23, increased by 113,500, cost $7.8, investment $885,300; - In the early morning of March 26, increased by 55,700, cost $9.3, investment $518,000; - On March 27, increased by 2,670, cost $9.53, investment $25,445; - On March 28, purchased 6,840, cost $9.13, investment $62,450; - On March 29, purchased 351,900, cost $9.3, investment $3,271,837; - On April 1, purchased 14,000, cost $9.24, investment $129,360; - On April 3, purchased 37,200, cost $8.54, investment $317,688; - On April 4, purchased 97,600, cost $8.64, investment $843,589; - On April 5, purchased 11,500, cost $8.48, investment $98,000; - On April 8, purchased 2,801, cost $9.22, investment $26,000; - On April 9, purchased 19,000, cost $8.65, investment $170,000; - On April 10, purchased 101,800, cost $8.53, investment $868,000; - On April 18, purchased 4,194, cost $5.84, investment $25,000; - On April 19, purchased 8,451, cost $5.59, investment $47,000; - On April 27, purchased 199,800, cost $5.69, investment $1,136,800; - On May 29, purchased 293,700, cost $5.85, investment $1,718,100; - On May 30, purchased 9,316, cost $5.78, investment $53,800; - On June 3, purchased 4,134.46, cost $5.82, investment $24,000; - On July 17, purchased 19,000, cost $4.531, investment $86,000; - On July 23, purchased 22,100, cost $4.683, investment $103,400; - On August 20, purchased 13,800, cost $3.63, investment $50,000; - On September 4, purchased 13,500, cost $3.354, investment $45,200; - On September 18, purchased 146,100, cost $3.474, investment $510,400; - On September 27, purchased 21,200, cost $4.013, investment $85,000; - On September 28, purchased 6,018.35, cost $4.18, investment $25,100; - On October 5, purchased 8,393.85, cost $3.628, investment $30,450; - On October 19, purchased 20,600, cost $3.7, investment $76,200; - On October 22, purchased 32,500, cost $3.83, investment $124,400; - On November 28, purchased 4,803.65, cost $5.68, investment $27,100; - On December 19, purchased 7,709.22, cost $5.75, investment $44,300; - On December 20, purchased 1,700.95, cost $5.22, investment $8,874; - On December 28, purchased 100,500, cost $4.97, investment $499,400; - On January 1, 2025, purchased 11,800, cost $4.99, investment $58,800.