Grayscale Ethereum Trust ETHE Surpasses $9 Billion Asset Under Management Following Approval of Physical Ethereum ETF in the US
Publication Time:2024-07-23 11:56:05
After the approval of an actual physical Ethereum ETF in the United States, the global leading cryptocurrency investment company, Grayscale Investments, published important information on its official website. According to the data released, as of the current time, the total amount of Ethereum held by the Grayscale Ethereum Trust ETHE is close to 263 coins, which are securely stored at Coinbase Custody Trust Company, LLC. Under non-GAAP accounting standards, the asset under management for ETHE reached an astonishing $9.2 billion, marking the fund's substantial influence in the market and the trust investors have in it. Moreover, the number of circulating shares of this fund has exceeded 310,158,500, further highlighting the importance and potential of Ethereum as the foundational support of blockchain technology.
Asset Under Management
Cryptocurrency Investment
Grayscale Investment
Ethereum Trust