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Grayscale Ethereum Trust Price Drops 50% In One Week
Summary: The price of Grayscale Ethereum Trust has dropped over 50% this week, Bloomberg data shows. Grayscale's shares are only available to institutional investors like hedge funds. These accredited investors are liquidating their holdings after a 12-month lockup for new placements in the trust ended, Nic Carter, co-founder of researcher Coin Metrics, told Bloomberg. By Emily Mason
The price of Grayscale Ethereum Trust has dropped over 50% this week, Bloomberg data shows.
Grayscale's shares are only available to institutional investors like hedge funds. These accredited investors are liquidating their holdings after a 12-month lockup for new placements in the trust ended, Nic Carter, co-founder of researcher Coin Metrics, told Bloomberg.
By Emily Mason
Tags: Ethereum,Grayscale
Link: Grayscale Ethereum Trust Price Drops 50% In One Week [Copy]
