ETHE Approved by the Financial Industry Regulatory Authority

Grayscale Ethereum Trust (ETHE) has now been approved by the Financial Industry Regulatory Authority for trading on OTC markets. The trading will start soon. Grayscale is a US based cryptocurrency asset management firm.

“The secondary market really opens up the opportunity for any and all investors,” Michael Sonnenshein, the managing director told Bloomberg.

ETHE is an Ethereum tether, It is backed-up by Ethereum and their is an amount of Ethereum stored for all available ETHE trust, as of April 30, 2019, each Share of ETHE represents ownership of 0.09662399 Ethereum. So it has the same value as Ethereum at any given time, just that its is not being transacted on the Ethereum Blockchain. This gives an opportunity to investors to trade Ethereum without knowing anything about Blockchain or having an Ethereum wallet. This is a good way to bring ryptocurrency closer to the masses.

Author: CoinTick Editorial

CoinTick Editorial is a collection of Cryptocurrency experts who are a team of the CoinTick arm of the BAYK Project. They are collectively sharing crypto News and Articles and regulating News and Articles published by CoinTick writers, External writers and Sponsored Posts on the CoinTick platform. To get in touch, use the Contact Us page or write to

Leave a Reply