A new way to access Ethereum:

Meet ETHE

The only SEC-registered investment vehicle that offers exposure to Ethereum, right from your brokerage account.

Grayscale® Ethereum Trust (Symbol: ETHE) is the first publicly-quoted Ethereum investment vehicle, offering investors a new way to get Ethereum exposure from a retail brokerage account. Ethereum is a global, open-source blockchain platform for decentralized applications with a native digital currency, Ether ( ETH), the second largest digital currency after Bitcoin.

To get started, simply type in symbol: ETHE into your brokerage account and start investing today!

Grayscale Investments, LLC is a digital currency asset manager and the sponsor of Grayscale Ethereum Trust (the “Trust”). Investments in the Trust are speculative investments that involve high degrees of risk, including loss of invested funds. Grayscale products are not suitable for any investor that cannot afford loss of the entire investment. To date, the Trust has not met its investment objective and the Shares quoted on OTCQX have not reflected the value of ETH held by the Trust, less the Trust’s expenses and other liabilities, but have instead traded at a substantial premium over such value. Go to OTCMarkets.com/stock/ETHE, the SEC’s website, or our website Grayscale.co for the annual report, which includes investment objectives, risks, fees and expenses, or Grayscale.co for more information on Grayscale and our other investment vehicles. Read these materials carefully before investing. This content is not intended to be a solicitation for the creation of new Shares.

ETHE provides investors with:

  • Exposure to ETH without the challenges of buying, storing, and safekeeping ETH directly
  • An easy way to introduce Ethereum into your portfolio from a single ticker symbol: ETHE, in the same way you’d access other investment products
  • Institutional-quality investment accessed through your brokerage account, supported by a network of trusted service providers

Composition & Performance

Market Price per Share*
At close as of 01/21/2021
$13.59
Day Change -10.71%
Digital Asset Holdings per Share**
At close as of 01/21/2021
$12.93
Day Change -5.55%

Past performance is not necessarily indicative of future results.

* Market Price per share reflects the closing price of Ethereum Trust shares at 4PM ET on OTC Pink® under the symbol: ETHE as of the date indicated on http://www.otcmarkets.com/stock/ETHE/quote.

** ETH Holdings per Share is calculated daily at 4pm ET, based on a TradeBlock ETX Index 24-hour VWAP. For more information about how ETH Holdings is calculated, please refer to the private placement memorandum.

Frequently Asked Questions

What is Grayscale® Ethereum Trust?

Grayscale Ethereum Trust (ETHE) is the first publicly quoted Ethereum investment vehicle in the U.S. and the second digital currency investment vehicle to attain the status of an SEC reporting company, following Grayscale Bitcoin Trust. Grayscale Ethereum Trust is solely and passively invested in Ethereum, enabling investors to gain exposure to ETH in the form of a security while avoiding the challenges of buying, storing, and safekeeping ETH directly.*

*To date, the Trust has not met its investment objective and the Shares quoted on OTCQX have not reflected the value of ETH held by the Trust, less the Trust’s expenses and other liabilities, but have instead traded at a substantial premium over such value.

How do I know if investing in ETHE is right for me?

Ethereum is the second largest digital currency in the world. Digital currencies, like Ethereum, may provide valuable diversification and non-correlation benefits. With the right-sized allocation, digital currency risks may be mitigated relative to potential gains, potentially providing valuable returns while also helping to strengthen an investor’s overall risk/return profile.

What are the benefits of adding ETHE to my portfolio?

Digital currencies like Ethereum possess many unique qualities. Because digital currencies are borderless, fungible, and accessible, they may be a great way to diversify your portfolio. Additionally, because of these unique qualities, digital currencies have historically been uncorrelated with other more traditional asset classes, such as stocks and bonds. In a market environment with geopolitical uncertainty and volatility, investors may benefit from a non-correlated asset class.

What are the risks?

As with any investment, investors must carefully evaluate the potential risks and rewards associated with ETHE. Investments in ETHE are speculative investments that involve high degrees of risk, including loss of invested funds. Grayscale products are not suitable for any investor that cannot afford loss of the entire investment. To date, ETHE has not met its investment objective and the Shares quoted on OTCQX have not reflected the value of ETH held by ETHE, less ETHE’s expenses and other liabilities, but have instead traded at a substantial premium over such value. Go to OTCMarkets.com/stock/ETHE, the SEC’s website, or our website, Grayscale.com, for the annual report, which includes investment objectives, risks, fees, and expenses, or visit Grayscale.co for more information on Grayscale and our other investment vehicles. Read these materials carefully before investing.

What is the benefit of investing in ETHE vs buying the coin itself?

Buying and holding coins directly means you must set up a digital wallet where you manually buy and store your digital assets. ETHE offers investors an easy way to gain Ethereum exposure without the time and effort of storing and safekeeping their coins. Just as with any other retail investment, investors may quickly and easily buy and sell shares of ETHE versus the time it may require to manage coins.

Does Grayscale offer other investment products?

Each of Grayscale’s products allow investors to gain exposure to digital assets they are most interested in — for example Grayscale Bitcoin Trust provides investors access to bitcoin. For investors who may want diversified coverage across multiple currencies, GDLC offers an easy way to access the upper 70% of the digital currency market from a single product.

What is Grayscale?

Grayscale Investments is the world’s largest digital currency asset manager. With approximately $2.8B AUM,‡‡‡ Grayscale provides opportunities for investors to gain exposure to digital currencies. Grayscale’s investment products are available to institutional and accredited individual investors through their respective private placements. Grayscale’s single-asset investment products provide exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), XRP, and Zcash (ZEC). Grayscale’s diversified investment vehicle, Grayscale Digital Large Cap Fund, provides exposure to the top digital currencies by market capitalization. Additionally, Grayscale® Bitcoin Trust (OTCQX: GBTC), Grayscale® Ethereum Trust (OTCQX: ETHE), Grayscale® Ethereum Classic Trust (OTCQX: ETCG), and Grayscale® Digital Large Cap Fund (OTCQX: GDLC) are publicly-quoted and available to all individual and institutional investors.

How do I invest?

Simply type in symbol: ETHE into your brokerage account and start trading today!

‡‡‡As of 2/29/2020

Invest in ETHE Today

Grayscale Investments, LLC is a digital currency asset manager and the manager of Grayscale Digital Large Cap Fund. Investments in GDLC are speculative investments that involve high degrees of risk, including loss of invested funds. Grayscale products are not suitable for any investor that cannot afford loss of the entire investment. Because GDLC does not currently operate a redemption program, there can be no assurance that the value of the shares will approximate the value of Fund Components held by GDLC, less GDLC’s expenses and other liabilities, and the shares may trade at a substantial premium over, or a substantial discount to, the value of the Fund Components held by GDLC, less GDLC’s expenses and other liabilities. Go to OTCMarkets.com/stock/GDLC or our website Grayscale.co for the annual report, which includes investment objectives, risks, fees and expenses, or Grayscale.co for more information on Grayscale and our other investment vehicles. Read these materials carefully before investing. This content is not intended to be a solicitation for the creation of new shares.