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Grayscale’s $9 billion head start in ethereum is at risk as big investors launch ETFs

by Editor July 25, 2024, 4:04 pm 1.7k Views

Grayscale's $9 billion head start in ethereum is at risk as big investors launch ETFs

Grayscale Investments at the NYSE, April 18, 2022.

Source: NYSE

For crypto firm Grayscale, it’s deja vu in the ETF market.

On Tuesday, the first spot ether exchange-traded funds hit the U.S. The ETFs will invest directly in ether, the cryptocurrency used in the Ethereum network, allowing investors to buy the cryptocurrency the way they buy stock and bond index funds.

Grayscale, founded in 2013, has spent years building a trust that holds over $9…

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