The digital asset manager Grayscale who are a major whale in the industry just bought £28 million worth of Ethereum (ETH) on behalf of its investors news reports.
The firm temporarily closed the Grayscale Ethereum Trust in late December only to buy back in today on the 4th of February 2021.
With the additional 24,796 ETH, Grayscale the leader in digital currency investing, now manages more than £4 billion worth of the 2nd largest cryptocurrency. (Ethereum).
Grayscale’s recent ETH purchase comes as the crypto asset breaks its all-time highs ahead of the launch of the Ethereum futures on the Chicago Mercantile Exchange (CME) which is due to launch on February 8th.
Using the data from Ethereum options trading, Skew says about 25% of traders expect ETH to breach the 1,455.98 mark in the next 90 days which is most likely the case at the rate it’s been going this year.
At time of writing, ETH is worth 1,224.31, according to CoinMarketCap.
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