Grayscale, a digital asset management firm, reportedly holds $5 billion in Ethereum (ETH) according to Arkham Intelligence. This is in line with Grayscale’s own public statements. The funds are divided across more than 500 addresses, each containing $30 million or less. Grayscale recently obtained a legal victory from the U.S. Securities and Exchange Commission (SEC) which will require the SEC to review, but not necessarily approve, Grayscale’s proposal for converting its GBTC fund to a spot Bitcoin ETF. Grayscale had previously abandoned plans to create an Ethereum futures ETF in May. Arkham Intelligence previously identified Robinhood as the holder of the third-largest Bitcoin wallet (holding $3 billion) and the fifth-largest Ethereum wallet (containing $2.5 billion).
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | None |
| Companies | Grayscale, U.S. Securities and Exchange Commission (SEC), Bloomberg, Arkham Intelligence, Robinhood |
| Currencies | Ethereum, Bitcoin, US Dollar |
| Securities | None |
