By Tobi Loba
Grayscale Investments, the world’s largest crypto-asset manager, has significantly increased its positions in the digital currency Stellar Lumens (XLM) as institutional interest in the cryptocurrency surges.
The crypto asset manager has also increased its positions in various cryptocurrencies, including Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).
Read Also: Stellar Winning Battle of Blockchain Payment Networks against Ripple with XLM’s Vast Uptrend
Grayscale Investments Buys About 36 Million XLM
According to a link to the Grayscale page on the Bybt analytics platform shared via Stellar’s Turkish Twitter page, over the past month, the crypto asset manager has increased its position in Stellar Trust with 35,855,625 XLM worth $15.3 million at current prices.
Additionally, the largest hedge fund has bought 6,568,516 XLM worth about $2.8 million, over the last 24 hours.
Stellar XLM Türkiye, “Grayscale is buying and buying more. The Growth of Institutional Interest.”
Grayscale is buying and buying more $XLM 🚀
The Growth of Institutional Interest ✅#Stellar $XLM 🔥https://t.co/vIgAL5lCAN pic.twitter.com/0td9qZKXWz
— Stellar XLM Türkiye (@StellarXLMTR) March 2, 2021
Read Also: Grayscale Investments Disclaims Dumping Huge Amounts of XRP and XLM
Stellar’s Horizon 2.0 Released
Another big news in the Stellar community is the release of Horizon 2.0, the client-facing API server for the Stellar ecosystem. According to the report, the release took years of hard work.
Stellar tweeted, “Big news… we’ve just released Horizon 2.0! This major release has been years in the making. It lets people deploy Horizon with fewer resources, under looser constraints, and with far more flexibility than ever before!”
Big news… we've just released Horizon 2.0! 🎉
This major release has been years in the making. It lets people deploy Horizon with fewer resources, under looser constraints, and with far more flexibility than ever before!
Read morehttps://t.co/YdopATxMkx pic.twitter.com/M3IVkPSPNJ
— Stellar (@StellarOrg) March 1, 2021
According to the blog post that announced the release, Horizon 2.0 is a newly introduced way to run the infrastructure that powers the Stellar network.
Read Also: Grayscale Ethereum Trust Becomes SEC Reporting Company. How Would ETH Benefit? Details
The blog post reads in part as follows:
“This paradigm shift enables large organizations and small developers alike to deploy Horizon with fewer resources, under looser constraints, and with far more flexibility than ever before.”
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