What is grayscale Ethereum Trust (Ethe)?

As of 3:59 PM EDT 08/07/23. Market closed. PREV. CLOSE Grayscale Ethereum Trust (ETHE) is a grantor trust incorporated in Delaware. The Trust is one of the first securities solely invested in and deriving value from the price of ETH.

What is a ETH Trust?

The Trust is one of the first securities solely invested in and deriving value from the price of ETH. The Trust is solely and passively invested in ETH, enabling investors to gain exposure to ETH in the form of a security while avoiding the challenges of buying, storing, and safekeeping ETH, directly.

How much is a share of ethereum worth?

With the Ethereum trust, 1 share is worth about 0.1 ETH. The trust is managed by a company who charges a fee, in the case of GBTC that company is Grayscale. Thomas DeMichele has been working in the cryptocurrency information space since 2015 when CryptocurrencyFacts.com was created.

What is the difference between Bitcoin and Ethereum?

First, unlike Bitcoin, in addition to being crypto, Ethereum is actually a protocol that was originally designed to develop decentralized applications, whose intent is to revolutionize the traditional banking system by circumventing intermediaries. DeFi applications now span virtually all areas, such as insurance, banking, lending, leasing, etc.