Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Cryptocurrency
  • News

Grayscale Now Has $110 Million Worth of Ethereum (ETH) So Far In 2020

Solomon Odunayo June 6, 2020 2 min read
United States investment bank Goldman Sachs Plans to Offer Ethereum (ETH) Derivative Products

According to Ray Sharif-Askary, the director of investor relations at Grayscale, the crypto fund manager is now buying up more than just Bitcoin (BTC). Its investment in Ethereum (ETH), the second-largest cryptocurrency, is now totaled $110 million, representing 22% of Grayscale Investments’ purchases in 2020 so far.

Grayscale’s Growing Interest in Ethereum (ETH)

The enormous accumulation activities of the Grayscale’s Bitcoin Investment Trust has lately attracted notable attention from the cryptocurrency community. As much attention is focused on Bitcoin (BTC), the crypto fund manager has also been showing great interest in Ethereum (ETH), as it increasingly grows its ETH stash.


trade now

Grayscale’s director of investor relations, Ray Sharif-Askary, while speaking on a recent episode of the Coinscrum markets podcast, revealed that the firm has bought $110 million worth of Ethereum (ETH) in 2020 so far.

In calculation, $110 million in ETH purchased by Grayscale is equal to 0.4% of the total market capitalization of the digital currency in the past few months.

According to Sharif-Askary, more than 38% of current clients of the crypto fund manager now have at least two digital assets in their possession.

She stated that “It is encouraging to investors […] diversify within the digital currency asset class, just like they would with any other traditional asset class.”

Also, the ETH accumulation by the crypto fund manager, Grayscale, has come at a time when the shares in the Grayscale Ethereum Trust is witnessing a dramatic year-to-date performance. According to data, it has experienced a relatively 800% increase, with the market’s last recorded trade closing for $210.

Grayscale Ethereum Trust now offers year-to-date returns of 995% to investors that bought shares in the first month of 2020, as the trust briefly tested $250 within the past 48 hours. At the time of writing, ETH is trading at $243.45, with a 0.31% price downtrend based on 24 hours estimation.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Ripple’s Strategic Partner MoneyGram Inks a Deal with World’s Largest Islamic Bank
Next: David Schwartz: People Have Largely Lost the Ability to Separate Facts from Reality about XRP

Related Stories

Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Stablecoin
  • Terra (LUNA)

Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 

February 2, 2023
Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report
2 min read
  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News

Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report

February 2, 2023
Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds
3 min read
  • Cryptocurrency
  • News
  • Regulation
  • Scam / Hack

Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds

February 2, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$23,823.00
0.99%
ethereum
Ethereum (ETH)
$1,676.79
2.46%
tether
Tether (USDT)
$1.00
0.12%
binancecoin
BNB (BNB)
$328.57
3.81%
usd-coin
USD Coin (USDC)
$1.00
0.08%
ripple
XRP (XRP)
$0.414799
0.43%
binance-usd
Binance USD (BUSD)
$1.00
-0.01%
cardano
Cardano (ADA)
$0.405282
3.29%
dogecoin
Dogecoin (DOGE)
$0.092954
-0.49%
polkadot
Polkadot (DOT)
$6.70
4.82%

Recent Posts

  • Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 
  • Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report
  • Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds
  • Ripple Realizes Strong Growth with $226M XRP Sold in Fourth Quarter
  • India 2023 Budget Retains Strict Crypto Tax Rules
  • Where Did Terra Developers Go After Network Collapsed?
  • Core Scientific Strikes $70M Loan Deal With B. Riley
  • BTC Miner Greenidge Reduces $72M Debt With NYDIG To $17M
  • South Korean Law Enforcement Investigates $8M Crypto Scam Targeting Investors
  • Floki Won’t Actually Burn $115M Worth of Tokens: Here’s Why
  • HSBC Reveals Crypto Industry Move with Job Openings
  • Binance Shuts Down Several Accounts Amid Bitzlato Investigation
  • ETH Added An Average Of Over 130,000 Addresses Daily In 2023
  • UK’s Charity Commission Probes Charity Organization Linked To FTX
  • Dogecoin Community Berates Mcdonald’s Over Reluctance To Announce DOGE Adoption

Categories

You may have missed

Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Stablecoin
  • Terra (LUNA)

Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 

February 2, 2023
Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report
2 min read
  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News

Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report

February 2, 2023
Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds
3 min read
  • Cryptocurrency
  • News
  • Regulation
  • Scam / Hack

Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds

February 2, 2023
Ripple Realizes Strong Growth with $226M XRP Sold in Fourth Quarter
2 min read
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Ripple (XRP)

Ripple Realizes Strong Growth with $226M XRP Sold in Fourth Quarter

February 2, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%