Grayscale spoke about the rise in capital investments in ETH

by in Cryptocurrency News


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.

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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.