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/biz/ - Business & Finance

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27813823 No.27813823 [Reply] [Original]

"Grayscale Ethereum Trust had over $4 billion in assets by January 29. This week's $76 million purchase came before the reopening of the trust, implying that investor interest in Ethereum was growing at an exceptional rate."
https://www.fxstreet.com/cryptocurrencies/news/grayscale-buys-76-million-worth-of-ethereum-in-anticipation-of-cmes-ether-futures-launch-202102051213
What does this mean for ETH?

>> No.27813996

Holy shit. Eth is unironically going to $10k+ this year

>> No.27815003

BUMP

>> No.27815330

>>27813823
Motherfuckers I can only dump 500€ a month on ether. I need another 2-3 years to accumulate, I have barely triple digits of ether now. This isn’t make it material and I’m screaming. Don’t leave me in lowest middleclass territory lads I’M BEGGING YOU

>> No.27815379

>>27815330
AVAX, fren.

>> No.27815405
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27815405

>me after selling my efferium in 2022

>> No.27815764

>>27815379
>300% in the past 90 days
I’ll pass, thanks

>> No.27815970

>>27815405
You have to go back

>> No.27816293

>>27813823
it means kikes are buying up to sell instruments to other kikes to bring in trading fees from other kikes

>> No.27816401
File: 20 KB, 640x640, 9c65e1df6be6e994cbd69ac8c527425c.jpg [View same] [iqdb] [saucenao] [google]
27816401

>>27815970
i gon cop dis.

>> No.27816606

>>27813823
good shit

>> No.27817029
File: 286 KB, 460x449, a7E76jr_460s.png [View same] [iqdb] [saucenao] [google]
27817029

>>27815405
B A S E D B L A C K M A N

>> No.27817104

>>27816401
Where can I buy this?

>> No.27817146

>>27813823
it means that they are going to be left with some heavy bags

>> No.27817208

>>27813823
Wait what if they're buying up ETH to buy shitcoins?

>> No.27817306

>>27815330
Triple digits of ether. Bro see you in 7 figure hell.

>> No.27817404

>>27817208
The ETH trust is only for ETH. Its all publicly available info.

The good part about this is they tend to be long term investors. So taking this much ETH out of circulation has a large effect on its price. Along with all the ETH getting locked up in staking contracts. There is going to be a major shortage of ETH.