Ethereum-trust from Grayscale Investments enters the over-the-counter market

Cryptocurrency assets manager Grayscale Investments has received permission from the Financial Institutions Agency (FINRA) to list the securities of its Ethereum trust (ETHE) in the OTC Markets OTC trading system.

Our team continues to bring in digital currencies. We’ve been pleased to receive a public quotation on @OTCMarkets under symbol: $ ETHE * https://t.co/SQPBI8CjrQ (1/2)

– Grayscale (@GrayscaleInvest) May 23, 2019

Thus, Ethereum Trust, like the more well-known Grayscale product called Bitcoin Trust (GBTC), will be able to trade freely like other securities on the over-the-counter market.

Also, Grayscale Investments draws attention, this is the first case when listed shares connected with the second cryptocurrency capitalization Ethereum appear on the open market.

ETNE securities are expected to start trading in two weeks.

ETNE is an unlimited trust, the value of assets and capitalization of which are tied to the market price of Ethereum. Investors will be able to earn on fluctuations in the price of Ethereum without the need to acquire and store cryptocurrency.

Grayscale Investments manages ten cryptocurrency funds, most of which are available only to accredited investors.

Earlier, Grayscale Investments reported that the total volume of cryptocurrency funds under its management again exceeded $ 1 billion. At the same time, in May GBTC shares became the leaders in terms of trading volume at OTC Markets Group.

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