In a recent update, Grayscale has surpassed other institutional investors to become the largest holder of Ethereum. According to data from Arkham, as of December 30, Grayscale’s Ethereum holdings are valued at $6.62 billion.
Grayscale’s Ethereum Holdings
As reported by BlockBeats news, Grayscale’s significant investment in Ethereum has solidified its position as the largest institutional holder of the cryptocurrency. This development highlights the growing interest in Ethereum among institutional investors.
Market Implications
Grayscale’s substantial Ethereum holdings may have implications for the cryptocurrency market. As a leading institutional investor, Grayscale’s investment decisions can influence market trends and sentiment.
Source: M.theblockbeats.info
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