ARK Investment Management has revealed a position in the Grayscale Ethereum Trust (ETHE) of 639,000 shares. At the current exchange rate, the value of these assets is $21 million.
In its reporting for the fourth quarter of 2020, ARK Invest reported an increase in its position in the Grayscale Bitcoin Trust (GBTC) to 7.31 million shares. In the last quarter, its volume increased to another 8.67 million. Now its cost is $ 298 million. This value is $50 million lower than in the first quarter. Recently, GBTC shares fell to a record -20% relative to bitcoin.
ARK Invest has not previously published official information about its investments in the ether. However, the company's founder Kathy Wood reported in April that they have a closed cryptocurrency fund that includes only bitcoin and ether.
"Remember when you were told that institutions would never invest in ETH? They continue to underestimate this asset, " says crypto investor Ryan Sean Adams.
Wood herself has repeatedly spoken positively about the prospects of bitcoin in the past. "If you add up all the potential demand with limited supply, we get incredible values in the long run. This is just the beginning. A trillion dollars is nothing compared to where it will end up," she said.
Earlier, the Chinese public company Meitu invested in bitcoin and ether, preferring the latter.