Grayscale Ethereum Mini Trust sees massive inflows since its launch
CryptoNewsTerminal Staff06 Sep, 2024
Grayscale Ethereum Mini Trust sees massive inflows since its launch
Grayscale, the world's largest digital currency asset manager, announced that its Ethereum Mini Trust has registered inflows of over $235 million since its launch. The trust, which provides investors with exposure to Ethereum without the need to purchase and store the underlying asset, has seen strong demand from both institutional and retail investors. The inflows are a testament to the growing interest in Ethereum, which is the second-largest cryptocurrency by market capitalization. Ethereum is a blockchain platform that allows developers to build and deploy decentralized applications. The platform has been gaining popularity in recent months as more and more businesses and organizations explore the use of blockchain technology. The Grayscale Ethereum Mini Trust is one of several investment products that Grayscale offers to investors. Other products in the Grayscale family include the Bitcoin Trust, the Ethereum Classic Trust, and the Litecoin Trust.
