Since Ethereum is a decentralized platform that runs smart contracts, most people think of it as a digital currency. However, Ethereum has many other uses.
One of these is Grayscale Ethereum Trust (GETH), an investment product that gives investors exposure to the price movement of ETH without having to actually purchase and hold the cryptocurrency.
So, what does Grayscale Ethereum do?
Grayscale Ethereum Trust is an investment product that tracks the price of ETH. It is offered by Grayscale Investments, a subsidiary of Digital Currency Group.
GETH is a trust that holds ETH and issues shares that represent ownership of the underlying ETH. Investors can purchase shares of GETH on secondary markets such as OTC Markets.
The value of a share of GETH is based on the price of ETH. Each share represents approximately 0.001 ETH.
So, if ETH is trading at $200, each share of GETH would be worth $0.20.
GETH is a popular investment for two main reasons. First, it provides exposure to the price movement of ETH without having to actually purchase and hold the cryptocurrency.
This can be appealing to investors who are bullish on ETH but don’t want the hassle or risk of buying and storing it themselves.
Second, GETH is one of the few investment products that track the price of ETH. There are very few options for investors looking to get exposure to ETH without actually buying and holding the cryptocurrency.
For these investors, GETH can be a good way to gain exposure to the Ethereum market.
If you’re thinking about investing in Grayscale Ethereum Trust, it’s important to understand how it works and what its risks are. This article will give you a brief overview of GETH and its risks.
What is Grayscale Ethereum Trust?
Grayscale Ethereum Trust is an investment product that tracks the price of ETH. GETH is a trust that holds ETH and issues shares that represent ownership of the underlying ETH.
The value of a share of GETH is based on the price of ETH.001 ETH So, if ETH is trading at $200, each share.