Grayscale Now Holds 2% of Ethereum’s (ETH) Circulating Supply – Ethereum World News

Grayscale Now Holds 2% of Ethereum's (ETH) Circulating Supply - Ethereum World News

Quick take:

  • Grayscale currently manages a total of $6.3 Billion in digital assets
  • Its Ethereum trust is worth $869.7 Million
  • This figure is approximately 2% of Ethereum’s market cap indicating Grayscale holds a similar percentage of ETH’s circulating supply
  • The team at Weiss Ratings predicts an 18% spike in Ethereum’s value once ETH2.0 is released

A few hours ago, the team at Grayscale provided an update of the total assets under management at the investment firm. The update gave a value of $6.3 Billion in digital assets under management at Grayscale. Of this amount, $869.7 Million is held in its Ethereum Trust.

Below is the Twitter update by the team at Grayscale providing the information on the total digital assets held at the firm.

Grayscale Holds 2% of Ethereum’s Circulating Supply

Taking a second look at the value of Ethereum held by Grayscale, the amount of $869.7 Million represents roughly 2% of ETH’s total market capitalization of $41.5 Billion. This means that Grayscale currently holds 2% of Ethereum’s circulating supply of 113 Million ETH. Doing additional math, the Grayscale Ethereum Trust is comprised of roughly 2.260,607.88 ETH.

Grayscale Now Holds 2% of Ethereum's (ETH) Circulating Supply 17
Current ETH stats courtesy of Coinmarketcap.com

Expect an 18% Increment for Ethereum once ETH2.0 is Launched

Grayscale Investments holding 2% of Ethereum’s circulating supply is very bullish for Source…

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