The biggest ethereum trust with some $4 billion eth under management has reopened to new investors after a brief suspension since December.<\/p>\n
“The Trust will resume the private placement of its Shares,” GrayScale said. “The Trust\u2019s private placement is offered on a periodic basis throughout the year and is now available to accredited investors for daily subscription.”<\/p>\n
The Grayscale Ethereum Trust (ETHE) was buying about $100 million worth of eth a week prior to temporarily suspending new customers.<\/p>\n
Once it reopened for bitcoin in early January, new purchases accelerated, reaching as much as more than $1 billion a week.<\/p>\n
That in part may have been due to pent up demand, with it to be seen whether ethereum will likewise court substantial purchases now that the trust has reopened.<\/p>\n