Grayscale Ethereum Trust Crosses $1B in Assets Under Management

Grayscale Ethereum Trust has announced reaching the milestone of over $1 billion in AUM (Assets Under Management). It's the first publicly quoted $ETH investment product in the US. Recently, trust has also become an SEC-registered reporting company following Grayscale Bitcoin Trust. Grayscale Ethereum Trust The company's share $ETHE  has been currently trading at $60 and derives its value solely from the cryptocurrency Ether. As of now, each share of $ETHE is backed by 0.08603465851 of a single unit of Ether.…