with cryptocurrencies Digital Currency Group (DCG), a conglomerate of related companies, recently experienced issues within one of its subsidiaries, Genesis, which caused customer withdrawals to cease.
This caused the withdrawals of Earn account customers of Gemini, a cryptocurrency exchange partnered by Genesis, to be stopped.
Here are the ratios of DCG and Grayscale’s Altcoins and Total Market Caps
Should Grayscale, another subsidiary of the Digital Currency Group, be forced to sell its balance sheet to meet Genesis’ creditors, the cryptocurrencies most affected will be those with Grayscale’s highest total assets. These are as follows:
Ethereum Classic (ETC): Grayscale holds a total of $189 million in ETC, accounting for 8.53% of its market capitalization.
Horizon (ZEN): Grayscale holds a total of $5.7 million in ZEN, which is 4.64% of its market capitalization.
Bitcoin (BTC): Grayscale holds a total of $10.5 billion in BTC, which accounts for 3.28% of its market cap.
Zcash (ZEC): Grayscale holds a total of $12.6 million in ZEC, which is 2.53% of its market capitalization.
Ethereum (ETH): Grayscale holds a total of $3.6 billion in ETH, which accounts for 2.52% of its market cap.
Litecoin (LTC): Grayscale holds a total of $114 million in LTC, which is 2.11% of its market cap.
Bitcoin Cash (BCH): Grayscale holds a total of $30.5 million in BCH, accounting for 1.60% of its market cap.
Decentraland (MANA): Grayscale holds a total of $5.6 million in MANA, which is 1% of its market capitalization.
Grayscale’s total assets in all assets are $14.6 billion.
*Not investment advice.
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