Digital asset manager Grayscale Investments said Monday its Ethereum Trust (OTCQX: ETHE) is again open to accredited investors.
The company said the private placement of its shares in the trust is periodically offered throughout the year. The Ethereum Trust last closed its doors in late December, along with five other trusts.
Grayscale offers its various trusts for investors looking for exposure to cryptocurrencies like bitcoin and ether without the challenges of buying and storing the cryptocurrency directly.
As of Jan. 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 – last week registered five new trusts for cryptocurrency assets, several being linked to the decentralized finance (DeFi) space.
From May 20 to May 29, XRP funds took in $35 million while bitcoin and ether ETFs lost roughly $2 billion combined, with Ripple’s earlier reported XRP treasury plan still awaiting confirmation.
Що варто знати:
U.S.-listed spot XRP ETFs drew $11.88 million in net inflows on May 29, extending a week of gains even as bitcoin and ether funds saw continued redemptions.
Total net assets in U.S. XRP ETFs now stand near $1.12 billion, with about $35 million added since May 20 while bitcoin and...