Ark Investment announces $ 20 million stake in Ethereum Trust
- 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:
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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