On-chain data analysis company Arkham 9/2 stated that it has identified the on-chain address of Grayscale Ethereum Trust. Grayscale is said to be the second largest institution holding ETH in the world, with more than 5 billion US dollars. . Arkham said this has never been discovered or publicly identified before.

Breaking: Arkham has identified the Grayscale Ethereum Trust on chain.

It is now the second largest ETH entity globally with $5B in ETH.

This had not been previously reported or publicly identified. pic.twitter.com/MQqKT6E9v6

— Arkham (@ArkhamIntel) September 1, 2023

Grayscale holds more than 500 Ethereum addresses, and a single address does not exceed 30 million US dollars.

Arkham, an on-chain data analysis company, stated that they found more than 500 grayscale addresses, and no address exceeded 30 million US dollars. Arkham believes this will make the identification process more difficult, including analyzing on-chain activity and cross-referencing balances.

Grayscale is applying for an Ethereum futures ETF

In May this year, Grayscale Investments, a digital currency asset management company, announced the establishment of Grayscale Funds Trust, structured under the legal trust structure of Delaware, allowing Grayscale to independently manage its ETF franchise and agency established under the Investment Company Act. product. Grayscale Ethereum Futures ETF (ETHG): achieves its investment objectives by actively managing Ethereum futures contracts. Currently, such contracts only trade on the Chicago Mercantile Exchange (CME), while the remaining cash will be invested in money market instruments.

related news:

Grayscale submitted three new fund applications to the SEC, including Ethereum futures ETF, and no longer bet on spot prices

Read more about SEC logic loopholes! Why the court thinks the SEC’s rejection of Grayscale’s spot ETF application was unreasonable

 

This article ranks second in the world! Grayscale holds more than 5 billion US dollars in Ethereum, and the analysis company Arkham has identified more than 500 addresses. First appeared in Chain News ABMedia.