- 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.
10/15/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
— Grayscale (@Grayscale) October 15, 2020
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.