TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Grayscale Ethereum Trust (ETH) ( (ETHE) ) has issued an announcement.
On August 8, 2025, Grayscale Investments Sponsors, LLC, the sponsor of Grayscale Ethereum Trust, entered into a custodial services agreement with Anchorage Digital Bank N.A. to provide custody and safekeeping services for the Trust’s Ether holdings. This agreement complements the existing arrangement with Coinbase Trust Company, LLC, which remains the primary custodian. The move to include Anchorage Digital is part of the Trust’s risk management strategy as it grows, allowing for flexible custody options. Anchorage Digital will use cold storage to safeguard the Trust’s Ether, enhancing security against hacking. The agreement also includes provisions for handling blockchain forks and indemnification clauses.
More about Grayscale Ethereum Trust (ETH)
Grayscale Ethereum Trust (ETH) operates in the cryptocurrency investment industry, primarily focusing on providing investors with exposure to Ethereum through a trust structure. The company offers a way for investors to gain exposure to the price movement of Ether without the challenges of buying, storing, and safekeeping the cryptocurrency directly.
Average Trading Volume: 5,026,145
Technical Sentiment Signal: Buy
Learn more about ETHE stock on TipRanks’ Stock Analysis page.