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Grayscale Reopens Its Ethereum Belief to Traders

02/02/2021

grayscale-reopens-its-ethereum-trust-to-investors

The ether belief had been closed in late December.

Grayscale CEO Michael Sonnenshein
(CoinDesk archives)

Grayscale Reopens Its Ethereum Belief to Traders

Digital asset supervisor Grayscale Investments mentioned Monday that its Ethereum Belief (OTCQX: ETHE) is once more open to accredited buyers.

  • The corporate mentioned the personal placement of its shares within the belief is periodically supplied all year long. The Ethereum Belief final closed its doorways in late December, together with 5 different trusts.
  • Grayscale affords its numerous trusts for buyers in search of publicity to cryptocurrencies like bitcoin and ether with out the challenges of shopping for and storing the cryptocurrency immediately.
  • As of Jan. 29, the Grayscale Ethereum Belief had greater than $4 billion in property beneath administration, the agency mentioned Monday.
  • Grayscale – owned by Digital Forex Group, the father or mother firm of CoinDesk – final week registered 5 new trusts for cryptocurrency property, a number of being linked to the decentralized finance (DeFi) house.
  • These and different current belief registrations don’t essentially imply the funding automobiles will really see launch, nevertheless.

https://www.coindesk.com/grayscale-reopens-its-ethereum-trust-to-investors

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