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Grayscale Accumulates $5 Billion Worth of Ethereum, Nears Launch of Spot Bitcoin ETF

According to a report by Arkham Intelligence, Grayscale has amassed approximately $5 billion worth of Ethereum, making it the second-largest Ethereum entity in the world. Grayscale's Ethereum Trust Fund is one of the top-rated crypto funds in the industry.

The report also revealed that Grayscale holds significantly less Bitcoin than Ethereum, with holdings amounting to around $92.1 million. Grayscale recently won a lawsuit against the SEC, which could lead to the asset management firm accumulating more Bitcoin and other cryptocurrencies in its holdings.

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