Grayscale Ethereum Trust (OTCMKTS: ETHE) is a publicly quoted investment vehicle that offers investors exposure to the price movement of Ethereum through a traditional security. The trust holds Ethereum (“ETH”) as its sole underlying asset and issues shares that trade over the counter in U.S. dollars. By packaging ether into a familiar trust structure, ETHE is designed to simplify the process of gaining exposure to digital assets without the need for personal wallets, private keys, or direct interactions with cryptocurrency exchanges.
As a decentralized asset held in trust, ETHE provides daily transparent reporting of its assets under management, net asset value per share and the trust’s Ethereum holdings. Shares of the trust are intended for accredited and institutional investors seeking long-term positions, and they may be eligible for holding in self-directed IRAs or other tax-advantaged accounts. Investors in ETHE benefit from Grayscale’s custody services, which utilize regulated third-party custodians to safeguard the underlying ether on behalf of the trust.
Grayscale Ethereum Trust was launched in May 2017 by Grayscale Investments, a New York–based digital asset management firm and subsidiary of Digital Currency Group. The trust was among the first publicly quoted products to offer pure-play exposure to ether, following Grayscale’s earlier Bitcoin Trust. Grayscale Investments is led by CEO Michael Sonnenshein, who oversees product development, asset management, and regulatory engagement for a suite of digital currency investment vehicles.
While domiciled in the United States, ETHE is accessible to global investors via the OTCQX® market. The trust operates with no predetermined expiration date, and shares may be redeemed in kind on a quarterly basis by authorized participants. ETHE continues to serve as an institutional gateway to the Ethereum ecosystem, supporting investors who view ether as a foundational blockchain asset with applications ranging from decentralized finance to tokenized smart contracts.
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