Grayscale Ethereum Classic Trust is an investment product that enables investors to gain exposure to Ethereum Classic (ETC) in a manner that is similar to a traditional equity or fixed income investment. The trust holds Ethereum Classic and provides investors with a way to invest in the cryptocurrency without having to purchase, store, or manage it themselves.
The trust is managed by Grayscale Investments, LLC, a digital currency asset manager. Grayscale Investments is a wholly-owned subsidiary of Digital Currency Group, Inc.
, which also owns CoinDesk, one of the leading media and information companies in the digital currency and blockchain space.
The trust was launched in April 2017 and began trading on the OTCQX, an over-the-counter market for securities that are not listed on a major exchange, in December 2017. The trust is currently the only investment product that provides exposure to Ethereum Classic.
The trust’s website describes Ethereum Classic as “a decentralized blockchain platform that runs smart contracts” and “a public blockchain platform with a Turing-complete programming language that enables developers to build decentralized applications.” Ethereum Classic is one of the largest cryptocurrencies by market capitalization and is often referred to as the “original” or “first” Ethereum blockchain.
NOTE: WARNING: Grayscale Ethereum Classic Trust (ETCG) is a digital asset that tracks the price of Ethereum Classic (ETC). It is an investment vehicle that allows investors to gain exposure to ETC without having to directly purchase and store it. However, there are risks associated with investing in cryptocurrencies, including volatility, security, and regulatory concerns. It is important for investors to research and understand the risks prior to investing in ETCG or any other digital asset.
The trust’s objective is for the value of each share to track the price of Ethereum Classic. The shares are not redeemable for cash and are not suitable for all investors.
The trust is intended for investors who are comfortable with holding a long-term investment in a digital asset and who do not require immediate liquidity.
The value of each share of the trust is determined by dividing the net asset value (NAV) of the trust by the number of outstanding shares. The NAV of the trust is calculated daily using prices from four cryptocurrency exchanges: Bitfinex, Kraken, Bittrex, and Poloniex.
Grayscale Investments charges a 2% annual management fee and requires a minimum investment of $50,000. The trust is available for purchase through accredited investors and registered broker-dealers only.
Ethereum Classic has been one of the top performing cryptocurrencies in 2019, with its price rising more than 150% since January 2019. The rally has been driven by increased interest from institutional investors and mainstream companies such as Samsung, which announced it would start using Ethereum Classic in its blockchain-based products and services.
The Grayscale Ethereum Classic Trust provides investors with an easy way to gain exposure to this growing cryptocurrency without having to purchase or manage it themselves. However, it comes with a high minimum investment requirement and annual management fee which may make it impractical for some investors.
10 Related Question Answers Found
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 an investment vehicle that gives investors exposure to the price movement of ETH, without the need to directly purchase or hold the underlying cryptocurrency. The Trust is sponsored by Grayscale Investments, LLC (“Grayscale”), a digital currency asset manager. The Trust’s purpose is to mirror the price performance of ETH.
Ethereum Classic Trust (ETC) is a cryptocurrency and smart contract platform that provides users with a decentralized way to store, send, and receive value. ETC is similar to Ethereum (ETH), but with a few key differences. One major difference is that ETC does not support the use of Ethereum’s native currency, Ether (ETH).
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.
It’s been a wild ride for Grayscale Ethereum Trust (GETH) investors. The fund, which launched in April 2017, was the first publicly traded fund to offer exposure to ethereum. For a while, it was the only way for investors to get exposure to the popular digital currency without buying it directly.
Grayscale Ethereum Fund is an investment fund that offers exposure to the price movement of ETH, the native cryptocurrency of the Ethereum network. The fund is managed by Grayscale Investments, LLC, a digital currency asset manager. The fund was launched in April 2017 and is currently one of the largest investors in Ethereum.
Gray scale Ethereum is an open source, decentralized platform that runs smart contracts on a blockchain with EVM bytecode. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Gray scale Ethereum also provides a cryptocurrency token called “Ether”, which can be transferred between accounts and used to compensate participant nodes for computations performed. “Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.
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.
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?
