{"id":564246,"date":"2020-10-16T19:19:33","date_gmt":"2020-10-16T16:19:33","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=564246"},"modified":"2020-10-16T19:19:33","modified_gmt":"2020-10-16T16:19:33","slug":"grayscale-now-holds-2-of-ethereums-eth-circulating-supply","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/grayscale-now-holds-2-of-ethereums-eth-circulating-supply\/","title":{"rendered":"Grayscale Now Holds 2% of Ethereum&#8217;s (ETH) Circulating Supply"},"content":{"rendered":"<p><strong>Quick take:<\/strong><\/p>\n<ul>\n<li><strong>Grayscale currently manages a total of $6.3 Billion in digital assets<\/strong><\/li>\n<li><strong>Its Ethereum trust is worth $869.7 Million<\/strong><\/li>\n<li><strong>This figure is approximately 2% of Ethereum&#8217;s market cap indicating Grayscale holds a similar percentage of ETH&#8217;s circulating supply<\/strong><\/li>\n<li><strong>The team at Weiss Ratings predicts an 18% spike in Ethereum&#8217;s value once ETH2.0 is released<\/strong><\/li>\n<\/ul>\n<p>A few hours ago, the team at Grayscale provided an update of the total assets under management at the investment firm. The update gave a value of $6.3 Billion in digital assets under management at Grayscale. Of this amount, $869.7 Million is held in its Ethereum Trust.<\/p>\n<p>Below is the Twitter update by <a href=\"https:\/\/en.ethereumworldnews.com\/grayscale-adds-17100-btc-to-its-bitcoin-holdings-in-one-week\/\" target=\"_blank\" rel=\"noopener noreferrer\">the team at Grayscale<\/a> providing the information on the total digital assets held at the firm.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">10\/15\/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.<\/p>\n<p>Total AUM: $6.3 billion<a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BCH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$BCH<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$ETH<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ETC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$ETC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ZEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$ZEN<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$LTC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24XLM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$XLM<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$XRP<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ZEC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$ZEC<\/a> <a href=\"https:\/\/t.co\/sKzOtQGZsv\" rel=\"nofollow\">pic.twitter.com\/sKzOtQGZsv<\/a><\/p>\n<p>&mdash; Grayscale (@Grayscale) <a href=\"https:\/\/twitter.com\/Grayscale\/status\/1316844511763615744?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">October 15, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Grayscale Holds 2% of Ethereum&#8217;s Circulating Supply<\/h2>\n<p>Taking a second look at the value of <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/latest-ethereum-eth-news\/\" target=\"_blank\" rel=\"noopener noreferrer\">Ethereum<\/a> held by Grayscale, the amount of $869.7 Million represents roughly 2% of ETH&#8217;s total market capitalization of $41.5 Billion. This means that Grayscale currently holds 2% of Ethereum&#8217;s circulating supply of 113 Million ETH. Doing additional math, the Grayscale Ethereum Trust is comprised of roughly 2.260,607.88 ETH.<\/p>\n<figure id=\"attachment_564247\" aria-describedby=\"caption-attachment-564247\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/10\/ETH-stats-CMC-Oct-16th.jpg\"><img class=\"size-large wp-image-564247\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/10\/ETH-stats-CMC-Oct-16th-1024x423.jpg\" alt=\"\" width=\"1024\" height=\"423\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/10\/ETH-stats-CMC-Oct-16th-1024x423.jpg 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/10\/ETH-stats-CMC-Oct-16th-300x124.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/10\/ETH-stats-CMC-Oct-16th-770x318.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/10\/ETH-stats-CMC-Oct-16th-500x206.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/10\/ETH-stats-CMC-Oct-16th-240x99.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/10\/ETH-stats-CMC-Oct-16th-717x296.jpg 717w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/10\/ETH-stats-CMC-Oct-16th.jpg 1109w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/a><figcaption id=\"caption-attachment-564247\" class=\"wp-caption-text\">Current ETH stats courtesy of Coinmarketcap.com<\/figcaption><\/figure>\n<h2>Expect an 18% Increment for Ethereum once ETH2.0 is Launched<\/h2>\n<p>Grayscale Investments holding 2% of Ethereum&#8217;s circulating supply is <a href=\"https:\/\/en.ethereumworldnews.com\/ethereums-7-day-average-transfer-of-value-exceeds-that-of-bitcoin\/\" target=\"_blank\" rel=\"noopener noreferrer\">very bullish<\/a> for <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-whales-grew-their-bags-from-3-16m-to-5-8m-eth-in-one-month\/\" target=\"_blank\" rel=\"noopener noreferrer\">the long term ETH holder<\/a>. Additionally, the team at Weiss Ratings has placed a possible 18% increment in value once ETH2.0 is launched and staking of Ethereum is available for everyone.<\/p>\n<p>The analysis by Weiss Ratings is based on the fact that 50% of all Ethereum (ETH) has not moved in 12 months. This translates to roughly 56.5 Million ETH laying dormant in anticipation of ETH2.0. Below is the tweet by Weiss Ratings forecasting a bullish market environment for Ethereum <a href=\"https:\/\/en.ethereumworldnews.com\/ethereums-eth2-0-could-launch-as-early-as-november-2020\/\" target=\"_blank\" rel=\"noopener noreferrer\">once ETH2.0 is launched<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">More than 50% of all <a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#ETH<\/a> hasn&#39;t moved in 12 months, but this may soon change with the launch of staking. If you\u2019re one of the first to stake on <a href=\"https:\/\/twitter.com\/hashtag\/ETH2?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#ETH2<\/a>, you can expect gains of about 18% &#8211; and all this with hopefully very low risk.<\/p>\n<p>&mdash; Weiss Crypto (@WeissCrypto) <a href=\"https:\/\/twitter.com\/WeissCrypto\/status\/1316795990591049736?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">October 15, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick take: Grayscale currently manages a total of $6.3 Billion in digital assets Its Ethereum trust is worth $869.7 Million This figure is approximately 2% of Ethereum&#8217;s market cap indicating Grayscale holds a similar percentage of ETH&#8217;s circulating supply The team at Weiss Ratings predicts an 18% spike in Ethereum&#8217;s value once ETH2.0 is released A few hours ago, the team at Grayscale provided an update of the total assets under management at the investment firm. The update gave a [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":562142,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[823,108120],"tags":[7092,1322,4226,4227],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/564246"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=564246"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/564246\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/562142"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=564246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=564246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=564246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}