Grayscale Invests Heavily in Ethereum ETFs, Pushing ETH Price Toward $2K

A substantial investment by Grayscale into Ethereum-based Exchange Traded Funds (ETFs) has resulted in significant market movement. This purchase, worth $11.98 million, is driving up the price of ETH towards the $2,000 mark and contributing to increased overall activity within the Ethereum ecosystem. Institutional players appear to be fueling this surge.