Grayscale's Ethereum Trust hits $1 billion in assets under management
November 6, 2020, 8:45AM EST
1 min read
Crypto asset manager Grayscale's Ethereum Trust has crossed the $1 billion mark in assets under management (AUM).
The milestone means Grayscale is now managing a billion-dollar worth of ether (ETH) on behalf of its clients. Grayscale's Ethereum Trust allows investors to take indirect exposure to ETH in the form of a security, while avoiding the challenges of buying and storing ETH directly.