Investments in Grayscale Ethereum Trust exceeded $1 billion

09.11.2020
«first-p»>Currency products of Grayscale continue to attract investors — investments in Grayscale Ethereum Trust exceeded $1 bln, and the total amount of funds managed by the company reached $8.5 bln

Grayscale trusts allow investors to gain access to popular cryptov currencies in the form of securities. When buying shares of the company’s trust, the investments go directly into cryptov currencies, while the issues of buying and storing digital assets are dealt with by Grayscale.

itself;

Currently, the company has two cryptographic products registered with the U.S. Securities and Exchange Commission (SEC) — Bitcoin and Etherium trusts. Recall that Ethereum Trust (ETHE) was registered with SEC at the beginning of last month;

At the end of October, the amount of funds managed by Grayscale was valued at $6.5 billion, but to date, this figure has reached $8.5 billion. This was contributed as flow investments from the company’s clients, as well as significant growth of the cryptovoltaic market — the bitcoin exchange rate exceeded $15,000 for the first time since the beginning of 2018