Grayscale to Launch Ethereum (ETH) Trust to Public

Greyscale is going to launch the Ethereum Trust to the public. Up until now the trust has only been available to accredited investors.

This is very exciting, but the first thing I have to tell you is WATCH OUT FOR PREMIUMS.

The chances that the market immediately bakes a premium into this thing is high. And, if there is no premium at launch, then actually it could be a great buy (as these trusts tend to get a high premium when they come to market).

So be excited, be very excited, but be smart, and be cautious. I likely won’t be able to warn you fast enough when this does launch. 😉

For the full story, see the official press release here: Grayscale Investments Announces Approval of Public Quotation for Eligible Shares of Grayscale Ethereum Trust.

TIP: As of April 30, 2019, each Share of ETHE represents ownership of 0.09662399 Ethereum. So you should, in a perfect world, pay no more than 1/10th of the market price of ETH per share. Chances are however that shares will trade 2x – 5x higher than this very soon after launch because demand will be high and the previous holders are likely to not settle for less than what the market demands for GBTC and ETCG (the current trusts, both of which are trading at a high premium while I write this).