Grayscale's Ethereum Trust hits $1 billion in assets under management
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Crypto asset manager Grayscale's Ethereum Trust has crossed the $1 billion mark in assets under management (AUM).
The milestone means Grayscale is now managing a billion-dollar worth of ether (ETH) on behalf of its clients. Grayscale's Ethereum Trust allows investors to take indirect exposure to ETH in the form of a security, while avoiding the challenges of buying and storing ETH directly.
Last month, Grayscale's Ethereum Trust became a registered reporting company with the Securities and Exchange Commission to file quarterly and annual reports with the regulator.
Besides Ethereum Trust, Grayscale offers several investment products, and its total AUM stands at $8.5 billion as of November 5.
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Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.
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