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Friday, 26 June 2020
##Grayscale Ethereum Trust Loses Half It’s Value in a Week - Classified Ad
##Grayscale Ethereum Trust Loses Half It’s Value in a Week - Classified Ad: Visit - https://t.me/freebitmexsignals For all latest news update on Cryptocurrency, Free crypto signals on Telegram & bitMEX Binance auto trading BOT visit above given Telegram channelGrayscale's Ethereum Trust lost more than 50% of its value this week. The price per share had reflected a 700% premium over the price of the underlying asset. The company expressed its inability to control market forces, even as new investors were left holding bags. Grayscale Investment’s secondary product, its Ethereum Trust, lost more than 50% this week. The collapse came even as the price of ETH increased slightly. The news follows a robust quarter by the company. Grayscale recently reported that assets under management (AUM) were at all-time highs. Additionally, news that the company has been dramatically buying up ETH and BTC this year highlights the overwhelming institutional interest in cryptocurrency. The Ethereum Trust has gained substantially over the past month. The price per share at the end of May was just over $110. The price only eight days later was over $220 – a rise of more than 100%. By that time, the trust’s share price reflected a 700% premium on the und
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