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. The Trust holds ETH, and sells shares in the Trust to investors at a price that tracks ETH’s market price.
The shares are quoted on OTCQX under the symbol “ETHE.” Shares may be bought and sold on OTCQX during market hours.
NOTE: It is important to note that the current premium on Grayscale Ethereum Trust is subject to market conditions and can vary significantly from day to day. Any investment in Grayscale Ethereum Trust should be made with an understanding of the risks associated with investing in cryptocurrency. The price of cryptocurrencies is highly volatile and can rise or fall quickly. Investing in Grayscale Ethereum Trust should only be done after careful consideration of your financial situation and a thorough understanding of the risks associated with investing in cryptocurrency.
The value of each share is calculated by dividing the value of the Trust’s ETH holdings by the number of outstanding shares. The Trust’sETH holdings will fluctuate based on changes in the market price of ETH and on inflows and outflows of cash and other assets from the issuance or redemption of shares.
Each share represents a fractional undivided beneficial interest in the Trust’s net assets.
The Sponsor believes that, for many investors, buying and holding shares of the Grayscale Ethereum Trust will be a convenient and cost-effective way to gain exposure to ETH.
The current premium on Grayscale Ethereum Trust is 9.13%.
9 Related Question Answers Found
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.
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.
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 (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.
Grayscale Ethereum Classic Trust is an investment vehicle that provides exposure to the price movement of ETC, without the challenges of buying, storing, and safekeeping ETC. The investment objective of the Trust is for the Shares to track the price of ETC, less the expenses of the Trust’s operations. The Trust’s expenses will be incurred by Grayscale and will include management fees, Bitcoin transaction fees and other general expenses.
It’s no secret that Grayscale Ethereum Trust (GETH) has been trading at a discount to its net asset value (NAV) for some time now. The premium or discount that a closed-end fund (CEF) trades at relative to its NAV is an important metric for CEF investors to watch. A fund trading at a discount is generally considered to be a bargain, while a fund trading at a premium is considered to be expensive.
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.
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.
