New York News Desk

The Ethereum Trust created by Grayscale isn't new, it's been around since 2017 - what's new is how easy it will be for everyday investors to get into.Previously, investors would need to be accredited clients of Grayscale (the company that offers it) and start with a minimum investment of $25,000.Until today - when Wall Street’s self regulatory organization The Financial Industry Regulatory Authority (FINRA) approved the listing of the Ether based trust on OTC markets, meaning anyone who holds stocks can add this to their portfolio by buying shares of the trust, which will trade under symbol 'ETHE'.Also gone is the minimum investment, opening up participation to 'mom and pop' traders.says Grayscale's managing director Michael Sonnenshein.Important note for crypto traders who may not be familiar with traditional markets - unlike trading in futures, a trust actually holds the asset. Meaning Greyscale actually buys and holds Ethereum in order to operate the trust, in this case each share equaling about 0.10 ETH.So why is this a big deal? Many investors are curious about crypto, but not enough to fully dive in and open an account on an exchange. Now, they can shares of the trust to their existing stock portfolio.Sentiment around Ethereum was already indicating high levels of positive speculation that Ethereum is next in line for a strong bull run. All eyes are on $250, a resistance level ETH hasn't been able to break through since Sept 2018. With the exception of a quick spike up, that came right back down, so quickly its was meaningless - but if it can hold above this level; next time the flood gates may open!-------