Grayscale Investments: Ethereum Trust [ETHE] receives FINRA approval for public quotation on OTC markets

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Grayscale Investments, a digital asset management firm, made an announcement with regards to the second largest cryptocurrency in the market, Ethereum. The platform stated that it the Financial Industry Regulatory Authority [FINRA] approved its Ethereum Trust, ETHE, making it the third publicly quoted investment product.

Grayscale Investments stated on Twitter,

“Our team continues to bring new opportunities for investors to gain exposure to digital currencies. We’re pleased to share that Grayscale Ethereum Trust received FINRA approval for a public quotation on @OTCMarkets under symbol: $ETHE* https://gryscl.co/2M4wVER (1/2)”

They further stated,

“*Note: There will be no trading volume in $ETHE until the shares are DTC eligible, which is expected soon (2/2)”

The announcement of this announcement was made yesterday by Barry Silbery, the CEO of Digital Currency Group, on social media platform, thereby gearing up the excitement about the announcement. Barry Silbert had stated on Twitter,

“Follow @GrayscaleInvest for some big news at 9 am NY time tomorrow. Announcing an announcement (yeah, that’s how I roll)”

To add on, the firm had recently launched the #DropGold initiative, with its main focus being prompting investors to invest in the digital gold, Bitcoin. The firm had stated,

“Grayscale is again pushing the envelope for traditional investors with a clear message: it’s time to #DropGold. […] Grayscale is again pushing the envelope for traditional investors with a clear message: it’s time to #DropGold.