All assets / Grayscale Ethereum Mini Trust Price

Grayscale Ethereum Mini Trust (ETH) USD Price

$20.75
$0.44 (2.17%)
Chart by TradingView
Market stats
Aum
Aum: assets under management.
$1.3B
-24h Flows
-24h Flows: value depicting yesterday's ETF inflows/outflows
Volume (24h)
Volume (24h): trading volume of the ETF in the last 24 hours.
Issuer
Issuer: organization that issued the ETF.
Grayscale
Custodian
Custodian: organization that holds, protects and manages the ETF's operations.
Coinbase
Fee
Fee: expenses that the ETF issuer passes onto the investors.
0.15%
About Grayscale Ethereum Mini Trust

ETH is Grayscale’s spot Ether ETF. Unlike futures ETFs, which invest in Ethereum futures contracts, ETH directly holds Ethereum. The fund aims to provide investors with direct exposure to the price movements of Ethereum, mirroring its market value without the complexities associated with futures contracts. As a result, the performance of this ETF closely tracks the spot price of Ethereum, making it a straightforward option for those looking to invest directly in the cryptocurrency.

Grayscale Investments, LLC is a prominent digital asset management firm based in the United States, established in 2013. It operates as a subsidiary of Digital Currency Group, a company that builds, supports, and invests in Bitcoin and blockchain companies. Grayscale is recognized for providing institutional and individual investors with secure and compliant access to digital currencies as an asset class.

The core business activities of Grayscale revolve around its suite of digital currency investment products. The firm offers a range of investment vehicles that allow investors to gain exposure to cryptocurrencies without the need to directly purchase, handle, or store them. These products include trusts that hold specific digital assets, such as Bitcoin, Ethereum, and other cryptocurrencies. Grayscale's flagship product, the Grayscale Bitcoin Trust (GBTC), is one of the first publicly quoted securities solely invested in and deriving value from the price of Bitcoin.

Grayscale plays a significant role within the digital asset ecosystem by bridging the gap between the traditional financial markets and the emerging digital currency space. It provides a regulated path for investors to engage with digital assets, offering products that are traded on over-the-counter markets and are subject to securities regulations. This positions Grayscale as a pivotal player in the mainstream adoption of cryptocurrencies, contributing to the broader acceptance and integration of blockchain technology into global financial systems.

Furthermore, Grayscale regularly publishes research and market insights, aiming to educate and inform stakeholders about the evolving digital asset landscape. These efforts underscore its commitment to transparency and informed investment decision-making in an industry characterized by rapid innovation and volatility. As of October 2023, Grayscale continues to expand its product offerings and adapt to regulatory developments, maintaining its position as a leading asset manager in the digital currency space.


© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Market stats
Aum
Aum: assets under management.
$1.3B
-24h Flows
-24h Flows: value depicting yesterday's ETF inflows/outflows
Volume (24h)
Volume (24h): trading volume of the ETF in the last 24 hours.
Issuer
Issuer: organization that issued the ETF.
Grayscale
Custodian
Custodian: organization that holds, protects and manages the ETF's operations.
Coinbase
Fee
Fee: expenses that the ETF issuer passes onto the investors.
0.15%
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