Greyscale Ethereum Trust Is Now Available On OTC Markets

Greyscale Ethereum Trust, the ethereum-based token is now available for trading on OTC markets according to an official blog post published on June 20.
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Let’s read more about it in the latest cryptocurrency news.

According to the blog post, ETH is an open-ended trust that holds Ethereum. This listing will open the possibilities for investing in Ethereum without having to hold the cryptocurrency. This means that the First US-based ‘’publicly quoted security solely invested in and deriving value from the price of Etehreum is available.’’

The Director of Grayscale Investments and Research Matt Beck noted on how investing in Ethereum can help investors build a decent and profitable portfolio by saying:

 “Cryptocurrencies — such as Ethereum — offer exposure to a unique set of market opportunities and risks that are uncorrelated to traditional assets. As a result, they can further diversify modern portfolios, enhancing returns per unit of risk (when positions are sized appropriately and maintained over long investment horizons).”

His stance is very close to the one of the CEO of Morgan Creek Capital Mark Yusko after he pointed out back in May that investors should hold bitcoin because of its low correlation and high diversification. Greyscale Ethereum Trust and Grayscale Investments which is a United States-based investment firm behind ETHE, also offers a trust for bitcoin as well as for other cryptocurrencies as explained in the coming altcoin news including bitcoin Cash (BCH), Ripple (XRP), Ethereum Classic (ETC), Litecoin (LTC), Stellar Lumens (XLM), Zcash (ZEC) and Horizen (ZEN).

Greyscale got the green light to trade via the OTC markets back in May from the Financial Industry Regulatory Authority (FINRA) but the company noted in its disclaimer that the trusts are not registered with the Major American governmental watchdog the Securities and Exchange Commission:

“The Products are NOT registered with the Securities and Exchange Commission (“SEC”) or any other regulatory agency in any jurisdiction, and are NOT subject to the same regulatory requirements as SEC-registered exchange traded funds or mutual funds […] The Offered Products are being offered in private placements pursuant to the exemption from registration provided by Rule 506(c) under Regulation D of the Securities Act. As a result, the shares of each Offered Product are restricted and subject to significant limitations on resales and transfers.”