Ethereum Trust, the world’s largest crypto asset management company, has officially been approved by the U.S. SEC

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Recently, Grayscale Investments, a cryptocurrency asset management company, officially announced that its previous application for the registration of an Ethereum trust with the US Securities and Exchange Commission (SEC) has been officially approved. So far, Grayscale Ethereum Trust has become its second licensed digital currency investment tool. Prior to January, Grayscale Bitcoin Trust became the first digital asset tool that met the standards of the US Securities and Exchange Commission.

According to the “Digital Asset Investment Report” compiled by Grayscale Investment in July 2020, Grayscale Investment bought 118% of the total amount of Bitcoin mining in Q2 of 2020. On the other hand, ETH, BCH and LTC have been increased significantly.

Grayscale Investments is the world’s largest crypto asset management company. As of mid-August, its asset management scale exceeded US$6 billion. Grayscale provides cryptocurrency investment services to qualified investors in the form of traditional securities (such as stocks, bonds, etc.) through its 10 investment products. Investors do not need to directly purchase, store and keep cryptocurrency. Currency, as well as learning tedious means of encrypted private key storage.

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