How to Buy Grayscale Investments LLC Shares

The Grayscale Investments LLC allows investors to put their money into Ethereum in a straightforward and safe way. This guide explains how to buy into the ETHE ETF and why you might want to do so.
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Updated on Sep 2, 2024
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It’s simpler, more cost-effective, and convenient than ever to invest in Ethereum. Thanks to the arrival of some top Ethereum ETFs, you can start investing in Ethereum with just a few clicks, in no time at all.

That’s because you can invest in the Grayscale Investments LLC through a traditional trading account. It’s a low-cost, secure way to get exposure to the world’s largest cryptocurrency, with less risk compared to trading the crypto itself.

You don’t need to sign up to a crypto exchange or manage your own crypto at all if you don’t want to, so an ETF like ETHE is the perfect route in for beginners, or casual investors.

Here we go through a step-by-step walkthrough on how to buy the Grayscale Investments LLC, making the process simple and accessible for everyone. 

Compare the best Grayscale Investments LLC trading platforms

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To invest in an ETF, you need to sign up with an online stock broker like eToro .

All of the recommended ETF platforms below offer a beginner-friendly way to invest. We’ve ordered them according to their value for money, regulatory status, and how easy it is to use the platform.

We found 4 online brokers for users based in

eToro review
4.6
eToro
Min. Deposit $100
Fees 1%
No. assets 3600+
Demo account Yes

eToro review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Plus500 review
4.5
Plus500
Min. Deposit $100
Fees From 2%
No. assets 2800+
Demo account Yes

Plus500 review

This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.

Public.com review
4.4
Public
Min. Deposit $20
Fees 1-2%
No. assets 9000+
Demo account No

Public.com review

Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

How to buy ETHE ETF, a step-by-step guide

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Investing in the Grayscale Investments LLC is quick and painless, so don’t worry even if you’re new to ETF investing. These are the steps to follow in order to complete your investment:

1. Choose a broker

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You need to use an online brokerage platform to buy shares in the ETHE ETF. We recommend eToro , but there are many different options to choose from.

The main thing to check is that the broker offers ETFs in general and the Grayscale Investments LLC in particular. Along with that, compare the fees across similar platforms before you decide which one to use.

eToro review
4.6
eToro
Min. Deposit $100
Fees 1%
No. assets 3600+
Demo account Yes

eToro review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

2. Create an account

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Once you’ve selected your broker, simply go to their website and create an account. The steps required for this will vary from platform to platform, but generally you can expect to have to provide your name, email address, phone number, and some form of photo identification.

You can only start using the account properly after you’ve verified your identity with that form of ID. This is normal practice, in accordance with financial regulations laid down by the Securities and Exchange Commission which are designed to prevent fraud and money laundering online.

3. Deposit funds

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Log into your broker account and select the option to deposit funds. Depending on your broker you’ll have a variety of payment options available; most brokers accept bank transfers and debit card payments, but not all accept e-wallets such as PayPal. 

Select your preferred payment method and deposit the amount of money you wish to invest in the ETHE ETF.

4. Place an order for ETHE ETF

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Search for the Grayscale Investments LLC ticker symbol (ETHE) and see the current price at which the ETF is trading.

If you’re happy with the price, enter the amount of shares you wish to own and place your order.

5. Execute your order

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Once you have placed your order, your broker will automatically execute it for you and your shares will be listed in your account. 

Congratulations, you’ve just invested in the Grayscale Investments LLC!

You should check back regularly and monitor this position. Have a price in mind at which you’d be prepared to sell, to lock in a profit (hopefully) or limit a loss.

Should I invest in the Grayscale Investments LLC?

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It’s a simple way to invest in Ethereum if you don’t want to own the coins themselves. An ETF is an ideal investment tool for beginners because it’s cheap and easy to buy, and using one to get exposure to Ethereum is a lot simpler than putting your money into cryptocurrency directly.

Here are a few reasons you might want to consider investing in Grayscale Investments LLC. 

  • Regulation. The Grayscale Investments LLC is subject to regulatory oversight by the SEC. This means you’ll have better protection and transparency which is often lacking in the wider crypto market. 
  • Grayscale Investments LLC is more accessible. Rather than investing directly in ETH, buying Grayscale Investments LLC is easier and more accessible to the everyday investor. This makes it a good choice if you’re unsure how to navigate the crypto market. 
  • Simplicity. You can buy and sell shares of the Grayscale Investments LLC just like stocks and use a familiar trading platform so you won’t need to learn new processes. 
  • Grayscale Investments LLC takes care of custody. When you buy Ethereum directly you’ll need to find a place to store your coins. While this is generally quite simple to do, it’s even easier to buy the ETHE as everything is taken care of for you. 
  • Potential tax efficiency. Investing in an ETF generally offers a more straightforward way to report tax compared to direct ownership of crypto. Although this largely depends on your local jurisdiction and tax rules. 

This is not the only Ethereum ETF available. It’s one of a flurry of ETFs that were made available at around the same time. Here are a few more Ethereum ETFs you can buy:

How has the ETHE ETF performed in recent years?

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The current Grayscale Investments LLC price is $0.00. As the fund is fairly new, there is not much past price performance to take into account.

One of the best ways to evaluate the performance of an ETF like the Grayscale Investments LLC is by tracking the price of Ethereum and comparing the two. The rises and falls of the ETF should very closely resemble the Ethereum price. If it doesn’t, consider looking elsewhere.

Are there other ways to buy Grayscale Investments LLC?

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Yes, you can invest in Grayscale Investments LLC in several ways. One option is to buy stock in the ETHE ETF directly through an investment platform as laid out above. 

Another option is to use a social copy trading platform, like eToro. Find a trader who you like and copy their Grayscale Investments LLC trades directly to your own account. 

This can be a good investment strategy for beginners and a way to learn how to buy Grayscale Investments LLC from someone with more experience.

What are the fees for investing in Grayscale Investments LLC?

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It depends on the stockbroker. Some platforms charge a flat fee per trade, others charge a commission as a percentage of the total trade value each time you buy the ETHE ETF.

Consider that there may be other costs to trading too. Other fees can include deposit and withdrawal fees, or inactivity fees if you don’t use your account for three months or more. 

These are the trading platforms that charge the lowest fees for buying Grayscale Investments LLC.

Asset eToro fees Plus500 fees Public fees
Crypto 1% From 2% 1-2% (spread)
Commodities From 2 pips From 0.04%
Forex From 1 pip
Index prices From 0.75 pts From 0.7%
Stocks 0% commission From 0.08% Spreads
Stock CFDs 0.15%
ETF CFDs 0.15%
View more > eToro > Plus500 > Public >

How to sell Grayscale Investments LLC

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When you decide the time is right to sell and lock in some profit (or cut your losses), log into your broker account and navigate to your portfolio. 

From there, find your Grayscale Investments LLC holding and you’ll see a ‘sell’ option next to it. Click that to set the details of the trade (you don’t have to sell all your stocks at once) and sell back to cash.

Should I buy Grayscale Investments LLC now?

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It’s your investing goals and style that define whether now is a good time to buy. The current ETHE ETF price plays into it but ultimately it depends on your investment horizons.

  • If you’re a short term trader: the goal is to make money by buying and selling stocks regularly to secure a profit or avoid a loss. That can mean trading hourly, daily, or weekly but the focus is always on the near future. Traders learn how to buy shares in Grayscale Investments LLC based on short term technical analysis and don’t hold shares for a long time, so any time can be a good time to buy ETHE.
  • If you’re a long term investor: you’re more interested in long term price appreciation than whether a stock is up or down on any given day. The important thing is finding a stock with a strong foundation where you think the share price will be up over a period of months or years. If you think the Grayscale Investments LLC fundamentals are solid then the best time to invest in ETHE ETF shares is after a dip or a pullback in price.

Most new traders sit somewhere between these two positions. You don’t want to actively trade Grayscale Investments LLC all hours of the day but you don’t want to wait years for a return either.

Either way, following ETHE price news and analysis will help you decide when to dip your toe into the market.

Quick answers to key questions

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Is the Grayscale Investments LLC overvalued?

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There is no perfect way to value an ETF. You can use financial metrics like the P/E ratio to compare share prices among ETHE ETF and its competitors, where a higher ratio indicates that an ETF is more expensive. But lots of different factors play into the Grayscale Investments LLC share price and the ‘right’ valuation is often a matter of opinion.

Do I have to pay capital gains tax on any profits I make?

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It depends on where you live but you do normally have to pay capital gains tax any time you make money from investing in the Grayscale Investments LLC.

Capital gains tax is often charged at 10-15% of your profit but there are ways to limit the amount you have to pay, by using tax-friendly stock market investment vehicles and writing off losses.

Speak to an accountant or a tax professional and check the tax laws where you live to find out more.

What is Grayscale Investments LLC‘s ticker symbol?

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The Grayscale Investments LLC ticker symbol is ETHE. A ticker symbol, or stock code, is an exchange traded fund’s unique identifier so that you can find them on stock exchanges.


Sources & references

Prash Raval

Prash Raval

Financial Writer

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Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while running an educational service helping novice traders learn the markets. He has a keen interest in micro and small cap stocks....