Investors may gain exposure to the second largest digital currency through a publicly quoted security at prices dictated by the market — Grayscale ETH Trust is now publicly quoted ETHE https://t.co/2eYuLvWGy0
— Grayscale (@GrayscaleInvest) June 20, 2019
According to a recent announcement, ETHE is the first US-based publicly quoted security solely invested in and deriving value from the price of Ethereum, joining the Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Classic Trust (ETCG).
Grayscale notes that individuals may now buy and sell unregistered but freely tradeable ETHE shares through their investment accounts, removing the issues associated with buying and storing actual ether.
“Cryptocurrencies — such as Ethereum — offer exposure to a unique set of market opportunities and risks that are uncorrelated to traditional assets,” said Grayscale’s director of investments and research, Matt Beck. “As a result, they can further diversify modern portfolios, enhancing returns per unit of risk (when positions are sized appropriately and maintained over long investment horizons). These opportunities should be accessible to all investors and should be considered within the context of their investment goals, objectives, and risk tolerance.”
More: Trading Commences for Grayscale Ethereum Trust (Symbol: ETHE) — Grayscale’s 3rd Publicly Quoted
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.