coinputin.com – Asset Management Company GrayScale, which is exempt from the Securities Act, announced it had bought an additional 100,000 ETH.
105,000 ETH was purchased, representing $ 62,975,646, according to a statement by Grayscale. The asset manager appears to have exported and/or been ready to buy about three million ETH, making it the largest ETH custodian in the world. The 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 now traded and grown more than $ 12 billion in assets. Demand also led to a significant premium with ETH trading of about $ 1,200 on ETH at 0.1 ETH per share. So calls for ETFs are growing significantly, and many expect the new management to approve it, as the cryptocurrency field has a lot of interest and engagement from institutional investors.
Ethereum Gets More Attention
Although Bitcoin has long been a preferred investment choice, Ethereum has been getting more attention recently, according to Michael Sonnenshein, managing director of Grayscale Investments. As is known, Ethereum is the most active blockchain network in the industry. In the cryptocurrency industry, ETH is gaining new investors, Sonnenshein said. Many of these investors are buying ETH as their first investment option.