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Ethereum

Large Number Of Institutional Investors Are Eyeing (Only) Ethereum (ETH)

Ethereum has been in the spotlight a lot, especially due to the massive hype triggered by Ethereum 2.0’s launch.

 

Vitalik Buterin was also really active on Twitter the other day.



Here’s his post following the big launch:

New interesting report from Grayscale Investments

Grayscale Investments just reported that institutional investors are asking for exposure to smart contract platform Ethereum, and this sometimes happens only to Ethereum.

During an interview with Bloomberg, Grayscale Investments managing director Michael Sonnenshein said that that before 2020, investors would overwhelmingly start with Bitcoin, but it seems that in the past 12 months, ETH has been capturing a massive amount of new investors.

“Over the course of 2020, we are seeing a new group of investors who are Ethereum-first and in some cases, Ethereum-only. There’s a growing conviction around Ethereum as an asset class,” he said as cited by the Daily Hodl.

He also explained that “Grayscale Ethereum Trust has garnered the attention of a new segment of Ethereum-focused institutional allocators. During 3Q20, over 17% of inflows into the Grayscale Ethereum Trust came from new institutional investors.”

Another thing worth mentioning is the fact that Ethereum is up over 360% on the year.

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