Bitcoinist7 minutes ago

Published on September 02, 2023 08:13 GMT+00:00edited on September 02, 2023 08:14 GMT+00:00

Grayscale is known to be one of the largest holders of the flagship cryptocurrency, Bitcoin. However, a recent report by crypto analytics platform Arkham Intelligence suggests that the asset manager could also be the entity with the second-largest Ethereum holdings.

Grayscale Holds Close To $5 Billion In ETH

Arkham tweeted that it “identified” the Grayscale Ethereum Trust on-chain. According to the platform, this discovery places Grayscale as the “second largest ETH entity,” with the asset manager holding close to $5 billion (around $4.88 billion at the time of writing) in Ether.

Breaking: Arkham has identified the Grayscale Ethereum Trust on chain.

It is now the second largest ETH entity globally with $5B in ETH.

This had not been previously reported or publicly identified. …