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Grayscale Ethereum Trust $ETHE Fully Explained!Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE) is one of the first GBTC and the shares could lose all or substantially all of their value. Grayscale Investments wants to morph its Ethereum Trust into an ETF, a move that parallels a proliferation of ETH-related fund applications. Bitcoin (BTC) price is showing strength again amid waning selling pressure from Grayscale Bitcoin Trust (GBTC) redemptions.