GrayScale Reopens ETHE Buying – Trustnodes

GrayScale Reopens ETHE Buying


GrayScale's ethe

The biggest ethereum trust with some $4 billion eth under management has reopened to new investors after a brief suspension since December.

“The Trust will resume the private placement of its Shares,” GrayScale said. “The Trust’s private placement is offered on a periodic basis throughout the year and is now available to accredited investors for daily subscription.”

The Grayscale Ethereum Trust (ETHE) was buying about $100 million worth of eth a week prior to temporarily suspending new customers.

Once it reopened for bitcoin in early January, new purchases accelerated, reaching as much as more than $1 billion a week.

That in part may have been due to pent up demand, with it to be seen whether ethereum will likewise court substantial purchases now that the trust has reopened.

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