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[Blockchain Today Reporter Jieun Lee] On the 1st (local time), digital asset management company Grayscale Investment announced that it will resume its Ethereum trust.
Grayscale said it would provide the shares in the trust to the private sector during 2021. In December of last year, the Ethereum trust and five other trusts were suspended.
There are investors who do not want to buy and store cryptocurrencies directly, but rather want to hold cryptocurrencies such as Bitcoin or Ethereum, and Grayscale provides a trust for such investors.
As of the 29th of last month, Grayscale’s Ethereum trust is reported to have managed over $4 billion.
Grayscale, a company owned by Digital Currency Group, registered five trusts with cryptocurrencies last week. Some of these are known to be related to decentralized finance (DeFi). However, Grayscale’s registration of the trust does not mean that the investment engine has actually begun.