Proposed ‘Ethereum’ investment vehicle sparks controversy

The non-profit Ethereum Foundation that holds the trademark for the name ‘ethereum’ said today it is “addressing” New York-based Grayscale Investments’ newly revealed Ethereum (ETC) Investment Trust proposal. A subsidiary of Digital Currency Group (DCG), Grayscale plans for the investment vehicle to provide a means for accredited investors to gain exposure to a publicly traded digital asset called ethereum classic (ETC) by creating an open-ended, titled security. The problem: While there’s one trademark, there are two versions of the cryptocurrency network bearing a variation of the ethereum name, one of which is not the so-called “official” version of the software. Read more: