Grayscale to Launch Its Ethereum Trust

News came out today that Grayscale, a Digital Currency Group company, received FINRA approval for the public quotation of eligible shares of Grayscale Ethereum Trust.

It should be bullish for ETH in my opinion.

Per Grayscale: Grayscale Ethereum Trust enables investors to gain exposure to the price movement of ETH through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping Ethereum.

It’s going to trade under the symbol ETHE.

Grayscale now has $2.0 billion in AUM (assets under management).

You can find Grayscale’s latest investment report, Q1 2019 here.

As you can see from the chart below, most assets continue to flow into bitcoin.

Grayscale is important because over 80% of its AUM comes from institutions or high net worth individuals.

I don’t see why ETHE couldn’t do at least half of what GBTC does… so we could see some significant flows into ETH.

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