Grayscale Now Holds 2% of Ethereum’s (ETH) Circulating Supply

Grayscale Holds 2% of Ethereum’s Circulating Supply. Taking a second look at the value of Ethereum held by Grayscale, the amount of $869.7 Million represents roughly 2% of ETH’s total market capitalization of $41.5 Billion.

This means that Grayscale currently holds 2% of Ethereum’s circulating supply of 113 Million ETH. Doing additional math, the Grayscale Ethereum Trust is comprised of roughly 2.260,607.88 ETH.

Expect an 18% Increment for Ethereum once ETH2.0 is Launched

Grayscale Investments holding 2% of Ethereum’s circulating supply is very bullish for the long term ETH holder. 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.

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 once ETH2.0 is launched.

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’s market cap indicating Grayscale holds a similar percentage of ETH’s circulating supply
  • The team at Weiss Ratings predicts an 18% spike in Ethereum’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 value of $6.3 Billion in digital assets under management at Grayscale. Of this amount, $869.7 Million is held in its Ethereum Trust.

Below is the Twitter update by the team at Grayscale providing the information on the total digital assets held at the firm.

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