Which institutions have bought Ether through Grayscale?

There are many institutional investors who bought ETHE (Grayscale Ethereum Trust) in the first quarter of 2021. And several of them have previously had GBTC in their portfolios.

Which institutions have bought Ether through Grayscale?

Entering 2021, Ether has seen its price rise 385% in 4 months and its exchange rate against Bitcoin has risen to 0.61. For this reason, there are multiple voices in the market interpreting Ether’s rise.

For traditional investment institutions, Grayscale remains one of the key entry points to buy Ether. As of press time, Grayscale Ether Trust holds 316.57 million ETH worth $11 billion.

Rhythmic BlockBeats found that numerous institutional investors bought ETHE (Grayscale Ethereum Trust) in the first quarter of 2021. And several of these institutions have previously had GBTC in their portfolios.

Rothschild Investment

Which institutions have bought Ether through Grayscale?

Rothschild Investment is a full-service brokerage firm founded in 1908 and currently holds $1.2 billion in secondary market positions. Currently, Rothschild Investment purchased 265,300 shares of ETHE in the first quarter of 2021, currently valued at approximately $9.15 million.

Emerald Mutual Fund Advisers Trust

Which institutions have bought Ether through Grayscale?

Emerald Mutual Fund Advisers Trust is a large advisory firm that currently holds approximately $3.047 billion in secondary market positions. Currently, Emerald Mutual Fund Advisers Trust holds 114,100 shares of ETHE, which is currently valued at $3.93 million.

Formidable Asset Management

Which institutions have bought Ether through Grayscale?

Formidable Asset Management is a hedge fund with a secondary market position of $467 million. It purchased 38,100 shares of ETHE during the first quarter of 2021, which is currently valued at approximately $1.31 million.

Hellman Jordan Management

Which institutions have bought Ether through Grayscale?

Hellman Jordan Management is a professional equity investment management firm founded in 1978. Currently, Hellman Jordan Management holds $70 million in stock, having sold 42,900 shares of ETHE in the first quarter of 2021, and currently holds 20,400 shares of ETHE, valued at approximately $700,000.

Edge Wealth Management

Which institutions have bought Ether through Grayscale?

Edge Wealth Management, a large New York-based advisory firm with approximately $700 million in assets under management, currently holds a secondary market position of approximately $495 million. in the first quarter of 2021, Edge Wealth Management bought 17,300,000 shares of ETHE, valued at approximately $600,000. Next Capital Management

Next Capital Management

Which institutions have bought Ether through Grayscale?

Next Capital Management is an independent advisory firm providing institutional level asset management and strategic wealth planning services to high net worth clients. Next Capital Management currently holds a $154 million secondary market position, having purchased 11,500 shares of ETHE in the first quarter of 2021, currently valued at approximately $400,000.

Tradition Wealth Management

Which institutions have bought Ether through Grayscale?

Tradition Wealth Management, a manager with nearly $700 million in assets under management, currently holds a $568 million secondary market position. It bought 7,381 shares of ETHE in the fourth quarter of 2020, currently valued at $255,000. the ETHE position contributed approximately $144,000 to Tradition Wealth Management’s float in 2021.

Independent Financial Partners Advisors

Which institutions have bought Ether through Grayscale?

Independent Financial Partners Advisors is a large advisory firm with $3 billion in assets under management. It bought 6911 shares of ETHE in the first quarter of 2021, which are currently worth about $238,000.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/which-institutions-have-bought-ether-through-grayscale/
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