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 Ethereum Trust Loses 50% of Its Value in a Week

Solomon Odunayo June 26, 2020 2 min read
How Layer 2 Is Primed To Solve Scalability Issues of Ethereum before the Launch of ETH 2.0

Despite the slight price appreciation experienced by ETH lately, Grayscale Ethereum Trust still recorded over 50% loss this week alone.

The update about the crash came after the Grayscale announced a successful quarter. The investment company recently reported that assets under management (AUM) attained all-time-highs.


trade now

Also, reports about the accumulation of Ethereum (ETH) and Bitcoin (BTC) by Grayscale indicate that institutional investors now have a growing interest in cryptocurrency.

Grayscale Ethereum Trust Loses 50% of Its Value in a Week
Courtesy of Grayscale Investments

Over the past month, the Grayscale Ethereum Trust recorded a notable gain. At the end of May, the price per share was a bit above $110. In relatively a week later, it rose by over 100%, having the price per share at over $220.

Back then, the price of the Ethereum Trust share grew up to 700 percent. As of now, its value is now back to the point it was before the June uprising, due to the significant plummet it recently experienced.

As the sudden crash brings new investors to take advantage of the new price, some in-house investors will be left stumbled due to the huge decline.

Going by the account of Nic Carter, the founder of Coin Metrics, Grayscale Ethereum Trust lost value because institutional investors such as Hedge Funds are liquidating positions.

He added that the liquidation can only play out after a 1-year delay, which also stops sellers from offloading their holdings as fast as they wish.

Grayscale’s Investment in Ethereum (ETH)

Grayscale’s interest in Ethereum (ETH) has grown since the beginning of 2020, resulting in an increased purchase of the digital asset by the investment firm.

In early June, the director of investor relations at Grayscale, Ray Sharif-Askary reported that the crypto fund manager has substantially increased its investment in Ethereum (ETH), stating that its investment in the digital asset has grown up to $110 million, which represents 22 percent of Grayscale Investments’ purchases year-to-date.

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: XRP Is Worthless, MoneyGram is Not Using It –John McAfee
Next: Sell-off of 485 Million XRP Could Surface Soon If This Notorious Group Decides to Offload

Related Stories

What is a Bear Trap in Trading and How Does It Work?
11 min read
  • Crypto Trading
  • Guide
  • News

What is a Bear Trap in Trading and How Does It Work?

August 13, 2022
All You Need To Know About Virtual Asset Service Provider (VASP)
11 min read
  • Cryptocurrency
  • Guide
  • News
  • Regulation

All You Need To Know About Virtual Asset Service Provider (VASP)

August 13, 2022
Animoca Co-Founder Says Web3 Requires More Developers For A True Decentralized Environment
3 min read
  • Cryptocurrency
  • News
  • Web3

Animoca Co-Founder Says Web3 Requires More Developers For A True Decentralized Environment

August 12, 2022

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$24,414.00
0.05%
ethereum
Ethereum (ETH)
$1,981.24
1.12%
tether
Tether (USDT)
$1.00
0.03%
usd-coin
USD Coin (USDC)
$1.00
0.07%
binancecoin
BNB (BNB)
$323.85
-1.12%
cardano
Cardano (ADA)
$0.56
3.64%
ripple
XRP (XRP)
$0.378810
-0.43%
Binance USD
Binance USD (BUSD)
$1.00
0.06%
polkadot
Polkadot (DOT)
$9.29
-1.98%
dogecoin
Dogecoin (DOGE)
$0.073083
0.84%

Recent Posts

  • What is a Bear Trap in Trading and How Does It Work?
  • FxCapital360 Review – Is FxCapital360 Scam or a Proper Broker?
  • All You Need To Know About Virtual Asset Service Provider (VASP)
  • Animoca Co-Founder Says Web3 Requires More Developers For A True Decentralized Environment
  • Nvidia Launches New Developer Tools To Up Its Metaverse Bet
  • Velocity Trade Review – Is Velocity Trade Scam or a Proper Broker?
  • Blockchain vs. Database: How Do They Differ?
  • Paper Wallets: How To Secure Your Crypto Assets
  • New Report Says Nigeria Has Become the Most Crypto-obsessed Country
  • Institutional Demand for BTC Is Insatiable, Says Kevin O’Leary
  • Money-Laundering And Wash Trading In NFTs – All You Need To Know
  • Alfabtc Review – Is Alfabtc Scam or a Proper Broker?
  • Ethereum Whales Holding SHIB Remain Undefeated, but Here’s the Catch
  • Here’s Why Celsius (CEL) Gained 109% Within a Month
  • Security Tokens Vs Utility Tokens: How Do They Differ?

Categories

You may have missed

What is a Bear Trap in Trading and How Does It Work?
11 min read
  • Crypto Trading
  • Guide
  • News

What is a Bear Trap in Trading and How Does It Work?

August 13, 2022
FxCapital360 Review – Is FxCapital360 Scam or a Proper Broker?
4 min read
  • Cryptocurrency Brokers News and Reviews

FxCapital360 Review – Is FxCapital360 Scam or a Proper Broker?

August 13, 2022
All You Need To Know About Virtual Asset Service Provider (VASP)
11 min read
  • Cryptocurrency
  • Guide
  • News
  • Regulation

All You Need To Know About Virtual Asset Service Provider (VASP)

August 13, 2022
Animoca Co-Founder Says Web3 Requires More Developers For A True Decentralized Environment
3 min read
  • Cryptocurrency
  • News
  • Web3

Animoca Co-Founder Says Web3 Requires More Developers For A True Decentralized Environment

August 12, 2022
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%