GrayScale Continues To Buy Ethereum (ETH)
The asset management company GrayScale, exempted from the Securities Act, announced that they have purchased another 100,000 ETH.
According to the statement made by Grayscale, 105,000 ETH was purchased, representing $ 62,975,646. The asset manager appears to have issued nearly three million ETH and / or is ready to be purchased, making it the world's largest ETH guardian. Grayscale Ethereum Trust (ETHE) is limited to accredited investors who are wealthy individuals or institutional investors.
This is the only way to invest in a stock form for ETH and Bitcoin in America, and GrayScale has currently led to more than $ 12 billion in asset processing and growth. The demand also led to a significant premium in ETH trading at around $ 1,200 in ETHE with 0.1 ETH per share. Therefore, ETF calls are increasing significantly and many are waiting for the new administration to approve this as the cryptocurrency space has a lot of interest and involvement from institutional investors.
Ethereum Gets More Attention
According to Grayscale Investments Managing Director Michael Sonnenshein, although Bitcoin has long been the preferred investment choice, Ethereum has been gaining more attention lately. As is known, Ethereum is the most active blockchain network in the industry. Sonnenshein stated that ETH is gaining new investors in the cryptocurrency industry. Most of these investors buy ETH as their first investment option.