Grayscale Ethereum Trust - ETHE stock
OTC Symbol: ETHE | OTC Tier: OTCQX U.S.
About[edit]
Grayscale Ethereum Trust is among the initial investment vehicles exclusively tied to and influenced by the price of ETH. This trust is purely and passively dedicated to ETH, offering investors an opportunity to access ETH through a security, thereby avoiding the complexities associated with directly purchasing, storing, and securing ETH. The shares, which are designed to mirror the market price of ETH (minus fees and expenses), are represented in terms of ETH per Share, as indicated below. It is advisable to seek advice from a financial advisor before proceeding.[1]
History[edit]
Grayscale Ethereum Trust, commonly known as Grayscale ETH Trust, is a cryptocurrency investment trust established by Grayscale Investments, LLC. Grayscale Investments is a leading digital asset management firm that specializes in providing investment products for cryptocurrencies.[2]
The Grayscale Ethereum Trust was launched on December 14, 2017, with the primary goal of providing investors with exposure to the price movements of Ethereum (ETH), the second-largest cryptocurrency by market capitalization.[3]
As an investment trust, Grayscale ETH Trust operates similarly to a traditional investment vehicle, allowing accredited investors to invest in Ethereum through a publicly quoted security listed on over-the-counter (OTC) markets. It enables investors to gain exposure to Ethereum without directly purchasing and managing the cryptocurrency themselves.[3]
The trust's investment strategy involves purchasing and holding Ethereum, and its share price is determined by the market demand and the underlying value of the Ethereum held in the trust's portfolio. Grayscale ETH Trust has a fixed number of outstanding shares that represent ownership of the underlying Ethereum held by the trust. Grayscale Ethereum Trust has played a significant role in providing institutional and accredited investors with a regulated and secure way to invest in Ethereum. It has become a popular investment vehicle for those looking to gain exposure to Ethereum's potential price appreciation without dealing with the complexities of owning and storing the cryptocurrency directly.[2]
- ↑ grayscale.com. Crypto Products - Ethereum. Retrieved on 11/26/2023.
- ↑ 2.0 2.1 Wikipedia. Grayscale Investments. Retrieved on 11/26/2023.
- ↑ 3.0 3.1 SEC.gov. Information Statement GRAYSCALE ETHEREUM TRUST (ETH). August 6, 2020.
