The company's Ethereum trust is the largest ether investment product in the world with nearly $5 billion in AUM.
Grayscale Investments in conjunction with NYSE Arca has filed for approval from the U.S. Securities and Exchange Commission to convert the Grayscale Ethereum Trust to a spot ethereum exchange-traded fund .
Grayscale’s Ethereum trust is the largest ether investment product in the world, with almost $5 billion in assets under management. “At Grayscale, our unwavering commitment is to offer investors transparent and regulated access to crypto through product structures that are familiar,” said Grayscale CEO Michael Sonnenshein in a statement. “As we file to convert ETHE to an ETF, the natural next step in the product’s evolution, we recognize this as an important moment to bring Ethereum even further into the U.S. regulatory perimeter.
As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form ofLyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.
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