Cryptocurrencies
Grayscale to Open Ethereum Trust to Individual Investors
- FINRA has allowed the creation of a secondary market for trust
- Mimimum purchase had been $25,000 for accredited investors
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Grayscale Investments LLC said its investment vehicle that holds the cryptocurrency Ether will open soon to mom-and-pop buyers after receiving secondary-market trading approval.
Launched in December 2017 during the height of the crypto bubble, the Grayscale Ethereum Trust was initially only available to accredited and institutional investors at a minimum of $25,000 through private purchases. Small investors will be able to buy shares in the trust in over-the-counter markets after gaining approval by the Financial Industry Regulatory Authority, a self-regulatory organization.