Share this article
Grayscale Opens Ethereum Classic Vehicle to Accredited Investors
Digital Currency Group subsidiary Grayscale Investments is launching a new investment vehicle for the alternative digital asset ether classic.
By Stan Higgins
Updated Sep 11, 2021, 1:16 p.m. Published Apr 26, 2017, 1:30 p.m.
Digital Currency Group subsidiary Grayscale Investments is launching a new investment vehicle for the alternative digital asset ether classic.
The firm is opening the Ethereum Classic Investment Trust to investors beginning today. The vehicle was first unveiled earlier this year, and is modeled after other offerings by the company, which specializes in investment products centered around digital currencies.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
According to Grayscale, the ETC trust has been seeded with $10m, with funding drawn from Digital Currency Group; its founder and CEO Barry Silbert; and Glenn Hutchins, a DCG board member and co-founder of private equity firm Silver Lake.
The trust is being pitched to accredited investors, with a minimum investment of $10,000. It will charge a 3% sponsor's fee, with one-third of that amount being contributed to the development of ethereum classic during the first three years.
Ether classic is the cryptocurrency that underlies the ethereum classic network. Ethereum classic came into existence in mid-2016 following the collapse of The DAO, a smart contract-based funding vehicle built on ethereum, the second-largest blockchain by market capitalization.
The launch comes as the US Securities and Exchange Commission begins to consider an investment vehicle for retail investors centered around ether, the cryptocurrency of ethereum. As reported by CoinDesk, the agency is weighing whether to approve the listing of an ether ETF first proposed last summer.
The market movements come amid a time of increasing diversification in the cryptocurrency and blockchain communities, with investors seeking opportunities beyond the oldest, and more liquid bitcoin market.
Disclosure: Grayscale Investments is a subsidiary of Digital Currency Group, CoinDesk's parent company.
Investment image via Shutterstock
Plus pour vous
Ce qu'il:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Plus pour vous
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
Ce qu'il:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
