Cryptocurrency assets manager Grayscale Investments has received permission from the Financial Industry Regulatory Authority(FINRA) to list the securities of its Ethereum trust (ETHE) in the OTC Markets OTC trading system.
Thus, Ethereum Trust, like the more well-known Grayscale product called Bitcoin Trust (GBTC), will be able to trade freely like other securities on the OTC market.
Also, Grayscale Investments draws attention, this is the first case when listed shares connected with the second cryptocurrency capitalization Ethereum appear on the open market.
ETNE securities will be traded in two weeks.
ETNE is an unlimited trust, the value of assets and capitalization of which are tied to the market price of Ethereum. Investors will be able to earn on fluctuations in the price of Ethereum without the need to acquire and store cryptocurrency.
Grayscale Investments manages ten cryptocurrency funds, most of which are available only to accredited investors.