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Grayscale Adds $38M Worth of ETH to its Ethereum Trust (ETHE)

Summary:

Grayscale has added 24,796 ETH to its Ethereum TrustThis translates to roughly $38 million in EthereumGrayscale currently manages $27.5 Billion in digital assetsThe bullishness surrounding Ethereum has led to ETH futures open interest hitting an all-time high of$5.4B

Yesterday, the Wall Street firm of Grayscale Investments purchased 24,796 ETH to add to its Ethereum Trust (ETHE). This amount in Ethereum translates to roughly $38 million and was highlighted by the team at Unfolded via the following statement and accompanying chart.

As Ethereum trust reopens, Grayscale adds $38m worth of $ETH.

Grayscale Adds $38M Worth of ETH to its Ethereum Trust (ETHE) 14

Grayscale Assets Under Management hits $27.5 Billion

From the chart, it can be observed that subscriptions to the Grayscale Ethereum Trust had paused from around early December till when the company reopened subscriptions earlier this week.

The recent purchase of 24,796 Ethereum by Grayscale brings the total assets under management by the firm to $27.5 Billion. The team at Grayscale shared this milestone earlier today via the following tweet.

02/02/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.

Total AUM: $27.5 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $ZEC pic.twitter.com/B4nP4jNRqE

— Grayscale (@Grayscale) February 2, 2021

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