Ark Investment announces $ 20 million stake in Ethereum Trust by CoinQuora

• Ark Investment has declared that it holds 639,069 shares in ETH Trust de Grascale.
• Etherium fans viewed the investment as a bullish sign.
• Ark Investment also holds significant stakes in.

Ark Investment said it held 639,069 shares in Grayscale’s Trust for the first quarter. The shares are worth approximately $ 20.9 million at today’s prices.

DeFi and Ethereum enthusiasts viewed the ETF manager’s major investment as a bullish sign. Bankless author Ryan Sean, for example, tweeted his excitement about the news:

IT’S MASSIVE.

Last quarter @ARKInvest bought ETH… they are now worth $ 20 million.

Remember when you said that institutions would never buy ETH?

They continue to underestimate this asset.

ETH IS …

This article first appeared on coinquora.com

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