Arkham, an on-chain intelligence platform, stated in an official tweet that Arkham has confirmed on the chain that Grayscale Ethereum Trust is currently the second largest ETH entity in the world, with $5 billion in ETH.
The Grayscale Ethereum Trust is spread across more than 500 addresses, none of which hold more than $30 million, making the identification process more difficult, Arkham said.
Arkham was able to identify addresses by analyzing activity and cross-referencing with Grayscale’s publicly reported balances.