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.
The filing comes just days after Grayscale said it had $1.6 billion in assets under management, up from $1 billion at the end of 2017.
Grayscale said it plans to offer shares of the Ethereum Trust to institutional and accredited investors. The trust will trade on over-the-counter markets, making it accessible to a wider range of investors than traditional exchange-traded funds.
NOTE: WARNING: Investing in Ethereum can be risky and is not suitable for everyone. Before investing, you should carefully consider your investment objectives, level of experience, and risk appetite. You should also be aware of the risks associated with investing in cryptocurrencies such as Ethereum, including the risk of loss of capital. Grayscale does not offer investment advice or provide any assurances as to the performance of any cryptocurrency investments. It is important to conduct your own research before making any decisions about cryptocurrency investments.
“The launch of the Ethereum Trust is a landmark moment for the digital currency industry,” said Barry Silbert, founder and CEO of Digital Currency Group, which owns Grayscale. “This is another important step in our mission to make digital currencies more accessible and mainstream.”
The Ethereum Trust is similar to Grayscale’s Bitcoin Investment Trust, which was launched in 2013 and is currently the only publicly traded security focused on bitcoin. Like the Bitcoin Investment Trust, the Ethereum Trust will be managed by Grayscale and will trade on OTC markets.
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 used by a growing number of businesses and organizations to power their applications.
Grayscale’s decision to launch an Ethereum trust comes as the price of ether, the native token of the Ethereum network, has surged more than 2,000% over the past year. Ether is currently trading at around $700, up from around $10 at this time last year.
The launch of the Ethereum Trust is good news for investors who want exposure to ether but don’t want to go through the hassle of buying and storing the cryptocurrency themselves. It’s also good news for businesses that use Ethereum, as it will make it easier for them to raise capital by selling equity in their applications.
7 Related Question Answers Found
Everledger is a digital ledger that tracks and protects diamonds and other luxury items. The Everledger team has developed a blockchain platform that uses the Ethereum network to track items on the blockchain. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
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.
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.
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 an IDE. It is a complete programming environment that allows developers to create, compile, test, and deploy smart contracts.
When it comes to cryptocurrency, there is no doubt that Ethereum is one of the most popular options. It is the second-largest cryptocurrency by market capitalization and has a large following among investors and developers. Ethereum also has a number of advantages over other cryptocurrencies, which has helped it become so popular.
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 not a company; it’s a decentralized network of computers around the world that come together to power these smart contracts. And because Ethereum is decentralized, it doesn’t have a CEO or a headquarters.
It’s no secret that Vitalik Buterin, the creator of Ethereum, is one of the most important figures in the cryptocurrency space. But does he actually own any Ethereum? The answer to this question is a bit complicated.
