Grayscale Buys 100,000 ETH

grayscale ethereum purchases feb 2021

Grayscale has bought 104,990 eth this week since Tuesday, bringing their total holdings to three million eth, worth $5 billion. In just the past four days they’ve bought $177 million worth of eth, an apparent acceleration as in December they were buying about $100 million eth a week. They’ve already doubled that, and a week as measured by Grayscale has still a few days to go until Tuesday. Therefore we may see a considerable increase, but that was to be expected due to pent up demand. Grayscale temporarily suspended new customers prior to Christmas, opening them up again just this month. The same happened for bitcoin and there on the first week of opening we saw $1 billion purchased, but in the second week it went down to $255 million. We’ll find out on Tuesday what’s happened since, but interestingly eth’s weekly volumes have already doubled while for bitcoin at…

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