Grayscale buys more than R $ 200 million in ETH for investors

Charlie Taylor

After the temporary closure of the Grayscale Ethereum Trust in late December and the recent reopening, digital asset manager Grayscale made a purchase of US $ 38 million in ETH, equivalent to about R $ 206 million for its investors.
With an additional 24,796 ETH, the company now manages more than $ 4 billion of the second largest cryptocurrency on the market.
The recent purchase of ETH by Grayscale comes at a time when the crypto reaches historic records before the launch of Ethereum futures on the Chicago Mercantile Exchange (CME).
Using data from Ethereum's options trading, the Skew claims that about 25% of traders expect ETH to exceed the $ 2,000 mark in the next 90 days. This thesis is reinforced with Grayscale volumes, proving that there is institutional demand for other cryptocurrencies besides BTC.Alter 2
ETH has been showing good financial returns for its investors, with the cryptocurrency appreciating 31.27% in the last week, according to data from Coingolive. In comparison, BTC showed an increase of 22.71% in the last 7 days.
Read more: Investments in Private Equity and Venture Capital total R $ 23.6 billion in 2020

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