Individual investors will soon be able to invest in Grayscale Ethereum Trust, billed as "The first U.S. publicly quoted security solely invested in and deriving value from the price of ethereum."
The Financial Industry Regulatory Authority, Wall Street's self-regulatory organization, has approved public quotation of shares in the trust, Grayscale Investments announced Thursday.
"All kinds of investors will be able to gain exposure to the price movement of ethereum without the challenges of buying, storing, and safekeeping ethereum," wrote Marissa Arnold, a spokesperson for Grayscale, in an email to CoinDesk.
The trust managed about $7.5 million worth of the world's second-largest cryptocurrency by market cap as of April 30, according to Grayscale's website.
The security will trade over the counter under the symbol ETHE. Entry-level investors will be able to own and trade an instrument tied to ethereum alongside their shares of Apple and IBM. The trust, created in December 2017, previously was open only to accredited investors and required a minimum $25,000 investment.
Grayscale has not yet determined exactly when the security will be available for trading, but the FINRA approval is an important step in the process.
Ethereum Investment Vehicle Approved for Small Investors
pubblicato su May 23, 2019
by Coindesk | pubblicato su Coinage
Coinage
Menzionato in questo articolo
Notizie recenti
Vedi tutti
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.