A little bit OC⚡DC
- 11 January 2016
EETH - ETFS 21SHARES ETHEREUM ETF
EETH tracks the performance of the price of ether, which is the native currency of the Ethereum blockchain, in Australian dollars before fees and expenses. It provides holders with a beneficial interest in ether held in cold storage by Coinbase, the world's largest custodian of cryptocurrency. It gives investors a way to trade ether in a tightly regulated environment without the need to establish and maintain their own Ethereum wallets and the risks associated with that.
Ethereum is a blockchain that allows for a special type of function called "smart contracts" thanks to its coding language Solidity. These contracts allow for terms agreed between parties to automatically execute on a blockchain, potentially alleviating some of the need for lawyers. Ethereum has been the driving force between non-fungible tokens (NFTs), which allow ownership of online images and videos. Ethereum is also used to power other blockchain networks, such as Uniswap, Polygon and Chainlink.
Management Fee 1.25%pa