• Grayscale Investments announced the launch of The Grayscale Funds Trust, a new entity to manage many of its publicly traded financial products in-house.
• The firm has filed a registration statement with the SEC for three new crypto-focused ETFs: an Ethereum Futures ETF, a Global Bitcoin Composite ETF, and a Privacy ETF.
• Grayscale’s move suggests that the firm is still bullish on the future of cryptocurrency investment products.
Grayscale Launches New Entity
Cryptocurrency asset manager Grayscale Investments announced the launch of The Grayscale Funds Trust. This new entity will allow the firm to manage many of its publicly traded financial products in-house.
Registration Statement Filed With SEC
Grayscale has also filed a registration statement with the United States Securities and Exchange Commission (SEC) for three new crypto-focused exchange-traded funds (ETFs). These are an Ethereum Futures ETF, a Global Bitcoin Composite ETF, and a Privacy ETF.
Bullish On Crypto’s Future
The filing of registration statements for these three crypto-focused ETFs suggests that Grayscale remains bullish on cryptocurrency investment products. Furthermore, they believe that investors should have access to “future-forward” investment opportunities provided by their ETF franchise under @Dave_LaValle.
Global Bitcoin Composite & Ethereum Futures ETFs
The Global Bitcoin Composite ETF would invest in exchange-traded products related to or backed by Bitcoin while the Ethereum futures ETF would provide indirect exposure to Ether through shares tracking ETH’s price.
Privacy ETF
Finally, the Privacy ETF would invest in companies working on blockchain privacy technology such as zero knowledge proofs and secure multi-party computing protocols.