Institutional interest in Grayscale Ethereum Trust continued to grow in Q3, according to SEC filings. Meanwhile, Grayscale Bitcoin Trust holdings saw a slight decline.
Grayscale Bitcoin Trust shares held by large institutions fell 2.6 percent in the third quarter. Meanwhile, Grayscale Ethereum Trust shares were up 19% compared to the previous quarter.
Grayscale reports total large institutional investments of $546.8 million in GBTC and $74.6 million in ETHE using today’s share prices for both trusts. The company must submit a form 13F within 45 days of the end of the quarter to disclose what is in the portfolio.
In the latest set of regulatory filings 10 new companies revealed that they have ETHE in their portfolios Its two largest firms are NYC’s Tocqueville with 79,398 Ethereum shares and San Francisco-based master management ETF advisor with 78,000 shares.
meanwhile Several companies appear to be downplaying their GBTC shares, such as Texas-largest Texas Wealth Advisors LLC, Outlook Wealth Advisors, sold 60,000 shares of GBTC and reportedly now owns 60,000 shares of mining and software development company Bitcoin Services. Inc. (BTSC)
Meanwhile, Cathie Wood’s ARK Invest accounted for 82% of total GBTC and 42.6% of ETHE.
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