Grayscale, which manages the assets, has significantly increased its investments in Ether (ETH) over the week.
The Ethereum Trust of this giant in dollar terms increased by $38 million. Thus, the company acquired another 24,796 ETH.
The largest altcoin has made a historic breakthrough this week. The coin jumped above $ 1500 and did not stop there. Today the ETH rate has risen to $ 1664. Over the past 24 hours, cryptocurrency capitalization has increased by almost 4% to $ 190.680 billion.
As of Thursday, February 4, the Grayscale Ethereum Trust grew to $4.711 billion. In total, the company now manages the cryptocurrency for $ 239.2 billion. The Bitcoin trust has also grown significantly over the week: now, it is $ 23.678 billion.
In anticipation of the launch of futures on the Chicago Stock Exchange (CSE), open interest in this product reached a record high ($5.4 billion).
Many analysts believe that the launch of ETH futures will further increase institutional investor interest in this altcoin. Some are already expecting a breakthrough above $ 2,000 by mid-February.
Recall that the new product will become available to the clients of the Chicago Stock Exchange on February 8th.