Cryptocurrencies
Ethereum Becoming More Than Crypto Coder Darling, Grayscale Says
- Ether is up about 360% amid a boom in decentralized finance
- Developers have been working to upgrade network’s speed
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While Bitcoin’s record-high grabs attention, its crypto compatriot Ethereum is continuing to broaden its appeal beyond the software programming crowd.
Before this year, most investors’ first stop was Bitcoin, according to Michael Sonnenshein, managing director at Grayscale Investments LLC, which has investment products that track both and allows investments from institutional and accredited investors only. But the Ethereum blockchain, the most actively used in the world, and its Ether token are getting more attention, he said.