Grayscale Sees a New Group of Ethereum-First Investors
"We are seeing a new group of investors who are Ethereum-first and in some cases Ethereum-only," Michael Sonnenshein told Bloomberg.
The firm's bitcoin assets under management rose by more than $3 billion in a week.
Digital asset investment firm Grayscale is sucking up so much bitcoin it could sway prices.
Grayscale announced it ditched XRP on Dec. 31. Additionally, the firm's XRP Trust stopped accepting new subscriptions on Dec. 23.
A recap of 5+ insanely bullish stories that got buried in the bitcoin price action.
Grayscale's bitcoin and ether trusts now make up almost the entire $13 billion in AUM value.