Grayscale’s ETHE hit an all-time high average daily volume in November

The Block • December 6, 2020, 12:17PM EST
The Block

The average daily trading volume of Grayscale's Ethereum Investment Trust (ETHE) product grew 220% in November compared to the previous month, according to data compiled by The Block.

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The ETHE average daily volume came in at $24.63 million — the highest month on record. November saw $9.43 million more daily volume than the last peak, which occurred in August.

Last week, Grayscale announced a 9-for-1 share split for ETHE. 

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MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.