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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 ...
Since its introduction in 2015, when Ethereum traded as low as $0.42, its price is up a sizzling 621,600%. And Ethereum is now the world's second-most valuable cryptocurrency, with a hefty $310 ...
In fact, a price forecast of $5,000 may turn out to be conservative. For example, investment firm VanEck came up with a base-case price forecast of $22,000 for Ethereum for the year 2030.
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. [3]
Augur is a decentralized prediction market platform built on the Ethereum blockchain. [1] Augur is developed by Forecast Foundation, which was founded in 2014 by Jack Peterson, Joey Krug, and Jeremy Gardner. [2] Forecast Foundation is advised by Ron Bernstein, founder of now-defunct company Intrade, and Ethereum founder Vitalik Buterin. [3]
Benzinga spotlights cryptocurrency expert Cathie Wood's view that a $10,000 Etherium investment today could be worth more than $540,000 by 2030.
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.