Which institutions bought Ethereum through Grayscale?

Entering 2021, Ethereum's price has risen 385% in four months and the exchange rate against Bitcoin has also risen to 0.61. To that end, there are many voices in the market interpreting Ethereum's rise.

For traditional investment institutions, Grayscale is still an important entry point to buy Ethereum. At the time of writing, the Grayscale Ethereum Trust holds 3,165,700 pieces of ETH, worth $11 billion.

Routine BlockBeats observed significant institutional buying of the ETHE (Grayscale Ethereum Trust ) in the first quarter of 2021 . And many of them had GBTC in their portfolios before.

Rothschild Investment Co., Ltd.

Founded in 1908, Rothschild Investment is a full-service brokerage firm with $1.2 billion in secondary market positions. Currently, Rothschild Investment purchased 265,300 shares of the ETHE in the first quarter of 2021, which is currently valued at approximately $9.15 million.

Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust, a large advisory firm, currently holds about $3.047 billion in secondary positions. Emerald Mutual Fund Advisers Trust currently holds 114,100 shares of the ETHE, currently valued at $3.93 million.

Formidable Asset Management

Formidable Asset Management is a hedge fund with $467 million in secondary positions. It acquired 38,100 shares in the first quarter of 2021, which are now valued at about $1.31 million.

Hellman Jordan Management

Hellman Jordan Management is a professional equity investment Management firm founded in 1978. Hellman Jordan Management, which currently holds $70 million in stock, sold 42,900 shares of the ETHE in the first quarter of 2021 and currently holds an additional 20,400 shares of the ETHE valued at approximately $700,000.

Edge Wealth Management

Edge Wealth Management, a large New York-based advisory firm with about $700 million in assets under Management, currently holds about $495 million in secondary positions. In the first quarter of 2021, Edge Wealth Management bought 17,300 shares of the ETHE, valued at approximately $600,000.

Next Capital Management

Next Capital Management is an independent advisory firm providing institutional level asset Management and strategic wealth planning services to high net worth clients. Currently, NeXT Capital Management has a $154 million position in the secondary market, and it bought 11,500 shares of the ETHE in the first quarter of 2021, which is currently worth approximately $400,000.

Tradition Wealth Management

Tradition Wealth Management, a manager with nearly $700 million under Management, has a $568 million position in the secondary market. It bought 7,381 shares of the ETHE in the fourth quarter of 2020, currently valued at $255,000. The holdings contributed approximately $144,000 to Tradition Wealth Management in 2021.

Independent Financial Partners Advisors

Independent Financial Partners Advisors is a large advisory firm with $3 billion in assets under management. It bought 6,911 shares of the ETHE in the first quarter of 2021, which are now worth about $238,000.

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