In a blog-post published in the official blog of Grayscale Investments the company’s Ethereum-based security, Grayscale Ethereum Trust (ETHE) is now available for trade in OTC markets.
ETHE is reported to be an open-ended trust that enables investors to invest on Ethereum without having to actually hold the cryptocurrency.
This is the first U.S.-based publicly quoted security solely invested in and deriving value from the price of Ethereum.
Matt Beck, the company’s Director of Investments and Research, has said that cryptocurrencies like Ethereum offer exposure to a unique set of market opportunities and risk that are unrelated to traditional assets.
As such they can offer further diversification of modern portfolios and enhance returns per unit of risk.
Aside from ETHE the company also offers Bitcoin (BTC), Ripple (XRP), Bitcoin Cash (BCH), Ethereum Classic (ETC), Stellar Lumens (XLM), ZCash (ZEC) and Horizen (ZEN).
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