Investments in Grayscale Ethereum Trust exceeded $1 billion
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.
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)
At the end of October, the amount of funds managed by Grayscale