The MunAiMarkets Bitcoin/Ethereum Crypto Portfolio tracks the performance of the Grayscale Bitcoin Mini Trust (BTC) and the Grayscale Ethereum Mini Trust (ETH) and the latter saw a significant rise in the week ending May 9th (+26.8%), largely due to the Pectra network upgrade on Ethereum. This upgrade introduced improvements aimed at increasing transaction capacity and speed, making Ethereum more competitive against other digital assets like Solana.
Additionally, investor sentiment around Grayscale Ethereum Mini Trust has been strong with significant inflows suggesting growing investor interest based on the expectations that the SEC may permit staking within the fund which could enhance its appeal.
The Grayscale Bitcoin Mini Trust (BTC) saw a significant influx of $191 million, which likely contributed to its 6.5% price increase on the week amid broader interest in Bitcoin ETFs and MicroStrategy’s announced plans for a $2 billion equity offering to buy more Bitcoin, further fueling optimism.
Additional reading: Bitcoin and Ethereum: How Do They Differ?
