The materials on this website or any third-party websites accessed herein are not associated with and have not been reviewed or approved by: (i) Valkyrie Funds LLC dba CoinShares Valkyrie, its products, or the distributor of its products, or (ii) CoinShares Co., its products, or the marketing agent of its products.
The asset ether (ETH) is native to and dependent on the accompanying monetary system of Ethereum, the protocol and Ethereum, the network. All participants in the Ethereum network share a common rule set, the Ethereum protocol, enabling each participant to keep track and effectively ensure the correct transfer of ether, the asset.
Each unit is fully digital and is only held and transferred through uniquely created digital wallets. The process of creating a wallet, storing and moving ether doesn’t require any involvement from any other individual, group, or entity other than the individual user. As a fully internal unit, ether can be transacted without counterparty risk, meaning it doesn’t depend on anything external to itself (credit or otherwise). It is also a digital bearer asset in that whoever controls the respective private keys, controls the ether.