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).

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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