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The Grayscale Ethereum Trust saw its holdings drop from 2.93 million Ether to 2.1 million Ether in just a week, a near 25% reduction and a mark that took the Grayscale Bitcoin Trust more than a ...
Grayscale first applied for the ETF in early October, but the petition's appearance on the Federal Reserve is significant because it starts a 240-day clock by which the Securities and Exchange ...
So, Wood could be giving these predictions as a way to increase engagement with her firm's products. If ETH reaches $166,000 per token by 2030, it would create huge gains. Specifically, an ...
At one of these events, Wood asserted that Ethereum could reach a market capitalization of $20 trillion by 2032. Do Cathie Wood's Bullish Ethereum (ETH) Prediction: How Much $1,000 And $10,000 ...
Grayscale was founded in 2013, launching a bitcoin trust that year. [4] In 2015, the company became a subsidiary of Digital Currency Group. [5] The same year, Grayscale Bitcoin Trust (OTCQX: GBTC) began trading over-the-counter on the OTCQX market, becoming the first publicly traded bitcoin fund in the United States.
Grayscale was the world’s largest asset manager for digital currency, as of December 2021, with more than $50 billion in assets under management. [7] Grayscale also manages the Grayscale Bitcoin Investment Trust ( OTCQX : GBTC ), which was the first publicly quoted security solely invested in the price of bitcoin upon its launch in 2013.
The move helped make the crypto more deflationary, supporting its price over the longer term. Ethereum closed 2021 at just below $3,700, up 399 percent for the year.
Don't listen to the naysayers: Ethereum is heading back to the $4,000 price level soon.