- Ark Investment has reported holdings of 639,069 shares in Grascale’s ETH Trust.
- Etherium fans have taken the investment as a bullish sign.
- Ark Investment also owns large holdings for Bitcoin.
Ark Investment has reported holdings of 639,069 shares in Grayscale‘s Ethereum Trust for Q1. The shares’ value amounts to around $20.9 million at today’s prices.
DeFi and Ethereum enthusiasts have taken the major investment by the exchange-traded funds manager as a bullish sign. Bankless author Ryan Sean, for instance, tweeted his excitement about the news:
THIS IS MASSIVE.Last quarter @ARKInvest bought ETH…they now hold $20m worth.
Remember when you told you the institutions would never buy ETH?
They keep underestimating this asset.
ETH IS ...
This article was first published on coinquora.com