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Grayscale Reopens Its Ethereum Trust to Investors

  • Posted On - 2021-02-03 07:17:47

One of the leading Digital asset management firms, Grayscale Investments said its Ethereum Trust is again open for the accredited investors.

The company said that private placement of its equity in the trust is offered throughout the year regularly. The Ethereum Trust last closed its doors in December 2020, along with other five trusts.

Grayscale firm offers its different trusts for investors that are looking for exposure to cryptocurrency like bitcoin and ethereum without facing the challenges of buying and storing it on their own.

As of January 29, the Grayscale Ethereum Trust had more than $4 billion in assets under management, the firm said Monday.

Grayscale – owned by Digital Currency Group, the parent company of CoinDesk – registered five new trusts for cryptocurrency assets in the last week, among them, several are linked to the decentralized finance (DeFi) space.

However, Grayscale and other recent trust registrations do not really mean the investment vehicles will actually be launched.

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