Grayscale is Now Holding ETH Worth 1 Billion USD for Clients

News • 2020/11/09 • by

Popular crypto portfolio manager Greyscale's Ethereum reaches landmark figures after crossing the 1 billion USD mark.

As it stands, the company now manages ETH worth more than 1 billion dollars for its customers. The Ethereum Trust by Grayscale allows clients to enjoy the benefits of ETH investment without the hassles of buying and keeping Ether.

Major Signals

Grayscale ETH holding scales 1 Billion USD

Grayscale is now a registered member of SEC

The asset manager holds over 8 billion USD investments.

October was another landmark month for the investment firm after they registered with the SEC as a reporting company. This means that they are mandated to file quarterly and annual reports with the SEC.

Grayscale provides other investment forms apart from Ethereum, totaling up to a massive 8.5 billion USD.

What do you think about Grayscale's massive holding? Share your thoughts in the comment section.

Source: theblockcrypto.com

Comments (8)

Guest

exodusab

6 years ago

Grayscale Ethereum Trust is solely and passively invested in Ethereum, enabling investors to gain exposure to ETH in the form of a security while avoiding the challenges of buying, storing, and safekeeping ETH directly.

godgrace1

6 years ago

they should protect those funds securely.

dean01oreoluwa

6 years ago

When a company is registered it becomes a legal entity. I think this brings about encouragement in registering or working with that company

omogbai

6 years ago

Crypto asset manager Grayscale's Ethereum Trust has crossed the $1 billion mark in assets under management (AUM). The milestone means Grayscale is now managing a billion-dollar worth of ether (ETH) on behalf of its clients. Grayscale's Ethereum Trust allows investors to take indirect exposure to ETH in the form of a security, while avoiding the challenges of buying and storing ETH directly

visiblemoney

6 years ago

I think Greyscale is competent and daring to have gone public! They are doing good at the moment with grade A reporting policy embellished with utmost transparency that allows investors to be on the same page of development with the managers.