Barry Silbert, part of the holding of the Digital Currency Group, Grayscale Investments launched Ethereum Trust.

The company's blog says that the trust traded under the ETHE ticker "allows you to invest in Ethereum without owning a cryptocurrency." Grayscale's investment and research director, Matt Beck, said the new trust is an excellent portfolio diversification tool:

“Cryptocurrencies, such as Ethereum, represent a unique set of market opportunities and risks that are not correlated with traditional assets. As a result, these assets make it possible to better diversify modern portfolios, making it possible to increase the Sharpe ratio , especially when positions are properly valued and held throughout a long investment horizon. ”

The company also said that the amount of assets under its management exceeded $ 2.3 billion.

6/21/19 UPDATE: Holdings for our investment products

Total AUM: $ 2.3 billion $ BTC $ BCH $ ETH $ ETC $ ZEN $ LTC $ XLM $ XRP $ ZEC pic.twitter.com/PtHuCLdjes

– Grayscale (@GrayscaleInvest) 21 worm 2019 r.

As before, most investors prefer to invest in Bitcoin-based products.

Meanwhile, the price of Ethereum has overcome the psychological mark of $ 300. However, the growth rate of the air is still far from Bitcoin, which over the past day has grown by almost 12% and is about to reach $ 11,000.

Data: CoinMarketCap

Recall that in May, the value of assets under management of Grayscale was $ 2 billion .

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