ethereum investment trust

The Ethereum Classic Investment Trust enables investors to gain exposure to the price movement of ETC through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping ETC. Investment Objective Shares track the ETC market price, less fees and expenses Benchmark Index TradeBlock ECX Index 24-hour VWAP CUSIP 297644106 ISIN US2976441061 Inception Date 4/24/2017 Annual Fee 3% (includes Development Contribution)* Development Contribution 1%* AUM $48.73M‡ Shares Outstanding 2,886,700‡ ETC per Share 0.99688507‡ Titled, auditable ownership through a traditional investment vehicle The Ethereum Classic Investment Trust is a traditional investment vehicle with shares titled in the investors name, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws.Eligible for tax-advantaged accounts Shares of the Ethereum Classic Investment Trust are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts.

Supported by a network of trusted service providers Davis Polk & Wardwell LLP serves as legal counsel to the Sponsor of the Ethereum Classic Investment Trust.Financial statements for the Ethereum Classic Investment Trust are audited annually by Friedman LLP.Robust security and storage The private keys for the Ethereum Classic Investment Trust’s assets are maintained with Ledger SAS and protected by intense multi-factor security procedures.
bitcoin david baileyETC Holdings/Share 2017-06-23 19.67 2017-06-22 18.83 2017-06-21 19.80 2017-06-20 21.04 2017-06-19 21.20 2017-06-16 17.10 2017-06-15 16.26 2017-06-14 19.57 2017-06-13 19.57 2017-06-12 20.67 2017-06-09 17.22 2017-06-08 17.20 2017-06-07 17.80 2017-06-06 17.19 2017-06-05 16.85 2017-06-02 16.56 2017-06-01 16.75 2017-05-31 16.81 2017-05-30 16.97 2017-05-26 16.56 2017-05-25 19.14 2017-05-24 13.58 2017-05-23 9.38 2017-05-22 8.28 2017-05-19 6.90 2017-05-18 6.13 2017-05-17 5.79 2017-05-16 6.12 2017-05-15 6.49 2017-05-12 6.28 2017-05-11 6.32 2017-05-10 6.37 2017-05-09 5.79 2017-05-08 6.63 2017-05-05 7.28 2017-05-04 7.05 2017-05-03 6.57 2017-05-02 6.58 2017-05-01 6.91 2017-04-28 4.94 2017-04-27 4.89 2017-04-26 4.30 2017-04-25 3.98 2017-04-24 3.81 ETC Holdings per Share* Returns‡ 1 Day 1 Month 3 Months YTD 12 Months Since Inception ETC Holdings* 4.46% 44.85% - - - 416.27% * ETC Holdings per Share is calculated daily at 4pm ET, based on a 24-hour VWAP of TradeBlock’s ECX Index.
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For more information about how ETC Holdings is calculated, please refer to the private placement memorandum.† An Accredited Investor, in the context of a natural person, includes anyone who either earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the two prior years, and reasonably expects the same for the current year, OR, has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person's primary residence).
ethereal blade kingdom heart‡ At close as of 06/23/2017 Downloads Ethereum Classic Investment Trust in the News U.S.
dogecoin redditinvestment firm launches $10 mln ethereum classic private fund U.S.
bitcoin load and verifyinvestment firm Grayscale Investments has launched the first private fund focused on ethereum classic, a blockchain platform, with a seed capital of $10 million, Barry Silbert, founder of the company's parent, Digital Currency Group (DCG), said on Wednesday.
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The fund is called Ethereum Classic Investment Trust, with the initial capital provided by Silbert, DCG and Glenn Hutchins, co-founder of private investment company Silver Lake.Grayscale launches Ethereum Classic Investment Trust Grayscale—an asset management firm—is launching a new cryptocurrency-focused investment vehicle backed by Glenn Hutchins, co-founder and co-chief executive officer of private-equity firm Silver Lake.
download bitcoin crushGrayscale 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.
bitcoin full tiltThe firm is opening the Ethereum Classic Investment Trust to investors beginning today.
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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.Bitcoin Trust's Silbert to Launch Classic Ether Fund This Month Barry Silbert, whose Bitcoin Investment Trust made it easier for mainstream investors to bet on bitcoin’s value, is looking to create a second trust later this month focused on a different digital currency: classic ether.investment firm plans launch of first ever ethereum classic private fund U.S.investment firm Grayscale Investments plans to launch the first-ever private fund focused on ethereum classic, a blockchain platform, according to Barry Silbert, founder of the company's parent Digital Currency Group.Grayscale Investments has officially made the long awaited Ethereum Classic Investment Trust available to investors on the market.The firm announced on Wednesday that the fund is live for accredited investors.The fund is not the first offer from the firm.

Barry Silbert introduced a similar fund for Bitcoin tracked shares as early as in 2013.The fees differ though.While the Bitcoin Trust has an annual fee of two percent, the new Ethereum Trust is at three percent this includes a one percent “development contribution” that Silbert announced.This will go to development and marketing of the currency for the first three years.1/ ANNOUNCEMENT: 1/3 of @EthereumTrust mgmt fee will be donated to Ethereum Classic development, marketing & community activities for 3 yrs — Grayscale (@GrayscaleInvest) March 31, 2017 The initial capital comes from Silbert himself, Digital Currency Group and Glenn Hutchins who is the co-founder of private investment company Silver Lake.When the fund was initially announced, some within the community raised questions about a possible conflict of interest, or rather the influence of the fund via Digital Currency Group.DCG has business interests in news provider CoinDesk.The trust was announced to the public in early 2016 and immediately caused waves in the ETC market, which was depressed since the fork of Ethereum/Ethereum Classic.