The largest crypto asset manager, Grayscale has launched a new guide for investors interested in investing in Ethereum (ETH).
Valuing Ethereum is nothing new. It is part of the firm's research branch which highlights several different aspects of the crypto ecosystem. For example, Grayscale has also launched a similar guide, Valuing Bitcoin.
Undoubtedly, ETH has also begun to gain tremendous popularity in recent times until it was reported that the dumping of institutional investors began to shift to second crypto assets after Bitcoin (BTC).
The proof, just a moment ago ETH once again recorded an all-time high (ATH) at the value of $ 1,696 before returning to the level of $ 1,685 fifteen minutes later.
Valuing Ethereum details the methodology in evaluating Ether as Ethereum’s ‘opaque and changing’ native assets. This means, investors can view Ether as money, a basic commodity type for the Ethereum network or as a beneficial asset in the context of Ethereum 2.0 involving proof-of-work rewards that are an incentive to Bitcoin mining.
Grayscale also stressed that the gradual development of Ethereum 2.0 will be something positive to the value of ETH and its community: "We find that Ether prices tend to move in line with activity on its network."
To this day, Grayscale’s most well-known investment service is still Graysclae Bitcoin Trust (GBTC) which is almost identical to the Bitcoin ETF which represents over $ 23.6 billion in Bitcoin so far.
In addition, Grayscale also owns seven single asset trusts and two of them in Ethereum and Ethereum Classic. It is reported that the firm has $ 4.7 billion in Ethereum.
