Grayscale Ethereum Trust: Ethereum Hits $1K Mark

The cryptocurrency space has not only been about the remarkable rise in the price of Bitcoin this year. Ethereum, the world’s second-biggest cryptocurrency by market cap, has also done well and this past weekend, it hit $1000 per token.

Grayscale Ethereum Trust: Ethereum Hits $1K Mark

Hence, it could be worthwhile for investors to take a closer look at the Grayscale Ethereum Trust (ETH) OTCMKTS: ETHE), which has attracted substantial investments from institutions in recent months. In 2020 alone, the ETHE stock performed impressively and rallied by as much as 700% as investors continued to pile in.

It is one of the easiest ways in which an investor can get exposure to Ethereum and hence, it is not a surprise that the ETHE stock has been in demand. At this point in time, the total value of assets under management at the trust stands at as much as $1.7 billion.

It is believed by many experts that once the Bitcoin rally subsides, money could flow into Ethereum. If that happens, it could be another boost for the ETHE stock.

Grayscale Ethereum Trust: Ethereum Hits $1K Mark

Alex Krakowsky

Editor in Chief.Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life