In the fourth quarter of 2020, shares in the Ethereum Trust of Grayscale, the asset manager, soared by 274%.
Now the price of one security is just over $ 174. The last time the shares were traded at this level was at the beginning of July 2020. In October, they fell to $ 39 - this mark became a local bottom for the instrument. Then their value began to rise again.
The resumption of growth in the company's Ethereum Trust shares was observed against the background of data on an increase in the volume of cryptocurrencies that are under its management. Grayscale reported this week that the total amount of digital assets under its control had reached $ 13 billion.
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Bitcoin and Ethereum Grayscale trusts accumulated the lion's share of the capital.
The largest altcoin ether (ETH) is rising in value this week along with bitcoin. Recall that on the eve of BTC soared to a historical maximum, breaking the $ 20,700 mark on some trading floors.
The ETH rate exceeded $ 600 and did not stop at the achieved results. On the night of Thursday, December 17, the altcoin went up to $ 622. Ether capitalization increased to $ 70.857 billion.