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.
The new trust will buy up and hold classic ether, which can be a hassle to obtain independently. The new financial vehicle will be structured exactly like the Bitcoin Investment Trust, run privately and available to accredited investors, such as those those with a net worth of more than $1 million or with $200,000 in annual income. It will also have minimum investment requirements, which are yet to be disclosed.
