GrayScale Buys Another 130,000 ETH.

[mianvicky1]

The only SEC registered way to buy ethereum in America has announced they bought another 130,000 eth on Thursday.

The Grayscale Ethereum Trust, trading under the ticker of ETHE on OTC Markets, issued 1,416,300 shares.

I think its a good news for Bullish market. What do you think?

[Review Master]

I think its a good news for Bullish market. What do you think?

In my opinion, it won't effect on ethereum for long run as Grayscale is just running ETF (Exchange Traded Fund, those who don't know full form of ETF) of many crypto-currencies. So, if there are demand from their clients, than they surely to buy more to maintain the demands. Ethereum might be taken a bullish rally if company like microStrategy try to purchase ethereum publically just like bitcoin. But, i'm bullish as always because we're now on correction phase and soon to moon.

[trauchot]

This, of course, is very good news and it suggests that a good pump of the price of Ethereum is expected in the near future and therefore we need to closely monitor Ethereum so as not to miss this growth, but of course I would like the price of Ethereum to fall first so that I will can invest more in Ethereum before pump.

[IyemRoker]

130,000 is not a cheap price because the value is enormous.
Please check with the market if you don't believe it, please convert from Ethereum price to USD, it will definitely have a very large value.

This is definitely good news for Ethereum and it is evident that Ethereum now leaves much further than number 3 CMC. Congrats GrayScale !

[fallenangel1789]

Great. I hope others will participate in this journey. New ATH for ETH seems very close. Maybe next month.

[TomPluz]

Organizations are buying more Ethereum all because they can feel the big bullishness ahead and partly because more are buying the same cryptocurrency then the more we can see that we are indeed in a bullish period. I think this is just a cycle in itself. Of course, anything that can be helping the coin pump is certainly a welcome news by the community supporting Ethereum.

[Muneeb22]

GrayScale invest huge money in the ETH and now he is in profit when he buy the coins almost 550$ at that time the ETH coin price but now the price is 650$ and he make 100$ almost on 1 ETH coin.

[dragonvslinux]

The only SEC registered way to buy ethereum in America has announced they bought another 130,000 eth on Thursday.

Yes this is very good news, Greyscale were quite instrumental in buying up Ether once ETHE was launched on the stock market, as well as other coins.

They are also known to "buy the trends" as it were, hence they've been investing more heavily into Bitcoin recently, but I'm sure this will return to altcoins soon enough once more investors diversify into altcoins again. Given how much Bitcoin they have bought, it's worth keeping an eye on their altcoin activity.

Personally I invested a small mount into coins that Greyscale invest in for this reason, which has served me well so far. Thanks for sharing the news.

[Token@]

That's right- I think this is good news for the bullish market. A lot more different people will participate.  ATH is too close for ether.  I think it’s more likely to be close next month.

[masudginanjar]

For the good news about Ethereun, this is a certainty because Ethereum is definitely loved by everyone.
But for Etheruem pump it is not necessarily because Ethereum is like Bitcoin, it is not centralized and can go up and down at any time.

Unfortunately for now Ethereum always follows the price of Bitcoin, just like a chick always follows its parent.

[Akhi600]

Yeah Al that sounds pretty crap to me, Looks like BT aint for me either.  Because that country has given it a good opportunity to do business.  I think they have benefited a lot from doing this

[Azaleea]

Yes, this is definitely exciting news. But for me the important thing is that Ethereum can remain stable, and the price is able to gradually increase, that's already extraordinary

[Muneeb22]

Grayscale regularly invest his money in the ETH coin because he know that the bull is start now and he make good money his time in the crypto market and already he make good profit his last investment.

[Quantum X]

The only SEC registered way to buy ethereum in America has announced they bought another 130,000 eth on Thursday.

The Grayscale Ethereum Trust, trading under the ticker of ETHE on OTC Markets, issued 1,416,300 shares.

I think its a good news for Bullish market. What do you think?

This will be the another proof to the recent romurs that this year will be the year of altcoins. Yet I just agree in it only for the top 20 altcoins which is only my personal opinion as I am just being conservative with my fund.