The ETH price is making the event these days by setting records almost daily.
This is happening as the investment firm Grayscale continues to expand the Ethereum Trust for Certified Investors, adding more than $ 38 million worth of Ethereum to its portfolio.
Grayscale buys $ 38 million worth of Ethereum:
Grayscale set its eyes on Ethereum about a month after the flows stopped.
The company "Grayscale" previously occupied the headlines of cryptocurrency news sites by allocating $ 1 billion to invest in Bitcoin.
Grayscale appears to be focusing on Ethereum in the second place.
Recent data from data monitoring platform "Skew" shows that Grayscale has added $ 38 million worth of Ethereum since it restarted the "Ethereum Trust".
This comes on the heels of the company's purchase of Ethereum worth $ 74 million in December 2020.
Grayscale is one of the limited options available as the only SEC approved way to buy Ethereum by institutions.
Grayscale is at the forefront of managing and promoting cryptocurrencies on a large scale to be responsible for the majority of institutional investor activity.
Ethereum price hits a new record:
The second largest cryptocurrency by market value has reached new highs, with the approaching launch of its futures contracts on the "CME" exchange.
Earlier, we indicated in Bitcoin Arabs that the Ethereum currency has achieved a new record:
Ethereum price hits a new record and the crypto market exceeds $ 1.1 trillion
Ethereum reached a new record again at $ 1688, bringing the total market value to $ 189 billion.
Ethereum futures will appear on the Chicago Mercantile Exchange, starting February 8th.
The Chicago Stock Exchange, which provides a derivatives market, announced its decision to list Ethereum since last year.
With the launch date approaching, many enthusiasts and investors are highly anticipating the impact of this development on the cryptocurrency markets in a positive way.
Mr. Tim McCourt, global head of CME's equity and alternative investment products index, stated the following:
Based on increased customer demand and strong growth in the Bitcoin futures markets and our options, we believe that the addition of Ethereum futures contracts will provide our clients with a valuable trading and hedging tool for this growing cryptocurrency.
Ethereum is the second largest cryptocurrency by market capitalization and daily volume.
The introduction of Ethereum Futures listed on the CME Group's regulated, time-tested derivative market will help create a forward curve so that participants in the Ethereum market can better manage price risk.
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