At the end of the fourth quarter of 2020, shares of Grayscale, an asset management company’s etherium trust, soared 274%.
The price per paper is now just over $174. The stock last traded at that level in early July 2020. In October, they collapsed to $39, which became a local bottom for the instrument. Then their cost began to grow again.
The resumption of growth in the company’s etherium trust shares was seen amid data about an increase in the volume of cryptocurrencies under its management. Grayscale reported this week that the total amount of funds in digital assets under its control reached $13 billion.
Grayscale’s bitcoin and etherium trusts accumulated the lion’s share of the capital.
The largest altcoin ether (ETH) is rising in value this week along with bitcoin. Recall, the day before Crowd Millionaire soared to a historic high, breaking through the mark of $20,700 on some trading floors.
Exchange rate of ETH exceeded $600 and did not stop at the achieved results. On the night of Thursday, December 17, the altcoin rose to $622. Ether capitalization increased to $70.857 billion.