What happened
Shares of Grayscale Ethereum Trust (OTC:ETHE) were soaring on Tuesday. As of noon EST, the stock was up 22%. This is likely related to the movement the funds’ underlying asset: Ether. Ether is the token native to the Ethereum blockchain, and it’s been going up rapidly over the last few days. In fact, today Ether tokens surpassed the price of $1,400 per token — a level not seen since 2018.
So what
Ether tokens reached all-time highs of $1,448.18 back in January 2018,…
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