Main navigation

Grayscale's Ethereum Holdings Approaching 3 Million ETH

Mon, 12/14/2020 - 15:00
article image
Yuri Molchan
Analyst from Arcane Research tweeted that, from January to December, Grayscale has acquired 2.5 percent of total ETH in circulation, and its crypto AUM surged 430%
Grayscale's Ethereum Holdings Approaching 3 Million ETH
Cover image via
Read U.TODAY on
Google News

According to a tweet thread by Vetle Lunde from Arcane Research, the ETH supply held by Grayscalehelmed by Barry Silbertis now coming close to 3 million Ethers.

The amount of crypto held by the company has spiked a whopping 430 percent since January 2020.

"The growth of Grayscale's Ethereum Trust has been impressive"

Arcane Research analyst Vetle Lunde has shared some interesting statistics about Grayscale on his Twitter pageabout the company's ETH and BTC holdings in particular.

According to the chart Lunde shared, since January, Grayscale Investments has increased its ETH stash from 0.5 million ETH to the current amount close to a staggering 3 million Ethers.

Overall, the popular crypto investment firm now holds 2.5 percent of the circulating ETH supply.

Image via Twitter

From data U.Today reported recently, on Dec. 9, Grayscale made an acquisition of a lump worth more than 100,000 ETH within 24 hours.

Influential Ukrainian Oligarch Mines Bitcoin at US Factory

"Crypto holdings under management increased 430 percent"

The analyst also mentioned Grayscale's progress related to its Bitcoin Trust. The data says that, in January of this year, the company held 261,000 BTC.

By Dec. 12, however, its Bitcoin holdings increased more than doubleto 544,000 BTC.

Thus, Vetle Lunde notes, GBTC now holds slightly less than three percent of the overall Bitcoin supply.

Overall, the amount of crypto assets the company holds for its customers has increased 430 percent in eleven months: from $2.3 billion in January to $12.1 billion on Dec. 12.

What a year 2020 has been for Grayscale. Grayscale's AuM has increased from $2.3 billion (Jan 13th) to $12.1 billion (Dec 12th). That's a growth in AuM of 430% in 11 months.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at