Hello HODLers!
The very high fees required to transact on the Ethereum blockchain are preventing many retail investors from moving their funds on the Ethereum blockchain. However, high gas fees are not a problem for institutional investors, because moving large volumes of coins they can afford to pay the fees. Grayscale is an example of that. As we see from the image, the Grayscale Ethereum Trust (ETHE) is continuing to buy Ethereum for its investors.
As reported by trustnodes.com, Grayscale has bought more than 31,500 ETH according to their latest filing with the Securities and Exchanges Commission.
Is this a good opportunity for institutional investors and retail investors to buy the dip? Or do you think prices could drop further next week?
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Ethereum will shine before the end of the year I believe with the vision of decentralization in mind.
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