Grayscale Investments, the world’s largest digital currency asset manager, has filed to list its Ethereum Trust on the OTCQX Best Market, according to a press release on Tuesday (March 2).
This move comes after the successful launch of the Grayscale Bitcoin Trust (OTCQX: GBTC) on the OTCQX in 2015 and marks another step in the company’s mission to make digital currency investing mainstream.
The Ethereum Trust will trade under the ticker “ETHE” and will be available to accredited investors. Like GBTC, investors will be able to buy and sell shares of ETHE through their broker-dealers.
The trust’s purpose is to “provide exposure to the price movement of ETH through a traditional investment vehicle without the challenges of buying, storing, and safekeeping ETH,” according to the press release.
NOTE: WARNING: Investing in any cryptocurrency, including Grayscale’s Ethereum Trust, is a high-risk endeavor. Before investing in cryptocurrency, it is important to thoroughly understand the potential risks and rewards associated with such investments. Cryptocurrency values can be volatile and unpredictable, and can be subject to manipulation and fraud. Additionally, investing in cryptocurrency may not be suitable for all individuals due to its complexity and volatility. Therefore, it is important to seek professional advice before investing in cryptocurrency.
Grayscale Investments is a subsidiary of Digital Currency Group, which also owns CoinDesk.
Ethereum has been one of the best-performing cryptocurrencies in 2021, with its price rising more than 400% since the beginning of the year. The asset is currently trading at around $2,200.
The filing comes as institutional interest in cryptocurrency continues to grow. Last week, Tesla announced it had invested $1.
5 billion in bitcoin and would start accepting it as a form of payment for its cars. And on Monday (March 1), Goldman Sachs announced it would begin offering bitcoin investments to its wealthy clients.
So far this year, Grayscale has seen inflows of more than $24 billion into its products, which also include trusts for bitcoin cash, litecoin and others. The company now has more than $46 billion in assets under management.
9 Related Question Answers Found
Grayscale Investments, the largest digital currency asset manager, plans to launch an Ethereum Trust, becoming the first publicly traded security focused on the second-largest cryptocurrency. The New York-based company announced the plans in a filing with the U.S. Securities and Exchange Commission on Thursday.
Grayscale Ethereum Trust is not the same as Ethereum. While both are digital assets and can be used for investment purposes, there are several key differences between the two. For one, Grayscale Ethereum Trust is a trust that invests solely in Ethereum.
An exchange-traded fund (ETF) is a type of investment fund that holds a collection of securities, such as stocks, bonds, or commodities, and trades on a stock exchange. ETFs are similar to mutual funds, but they differ in some important ways. For example, ETFs are traded throughout the day on stock exchanges, while mutual fund shares are bought and sold only once a day, after the market closes.
Grayscale Ethereum Trust (GETH) is an investment vehicle for buying and holding Ethereum. It is one of the products offered by Grayscale Investments, LLC, a digital currency asset management firm. Investors in GETH receive exposure to the price movements of Ethereum, but do not have the ability to interact with the underlying blockchain or use Ethereum’s decentralized applications.
As of late, Ethereum Classic (ETC) has been on the up and up. The price of ETC has more than doubled in the last month, and it doesn’t seem to be slowing down. This surge in price has led many investors to ask the question – is Grayscale Ethereum Classic Trust (GEC) a good investment?
GrayScale Ethereum Trust is an investment product that allows investors to gain exposure to the price movement of ETH, without having to directly purchase or hold the underlying asset. The trust is currently one of the largest and most popular products in the digital currency space, with over $2 billion in assets under management. The trust is structured as a private placement and is only available to accredited investors.
The premium on Grayscale Ethereum Trust (GETH) is an annual charge assessed by the Trustee to cover the costs of running the Trust. The premium is paid by investors who hold GETH shares, and it is assessed at a rate of 2% of the net asset value of the Trust. The premium is used to cover the cost of storage, insurance, and other expenses associated with running the Trust.
The Grayscale Ethereum Trust is a fund that invests in Ethereum. The trust is managed by Grayscale Investments, LLC. The fund’s objective is to track the performance of the price of Ethereum.
As of January 2020, Ethereum does not have a stock. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is built on a blockchain, a shared ledger of all transactions that have ever taken place on the network.
