Grayscale Investments Files for 3 New Exchange Traded Funds

On May 9, integer currency money manager Grayscale Investments announced the constitution of the Grayscale Funds Trust and submitted registration filings for 3 exchange-traded funds with the U.S. Securities and Exchange Commission.

Grayscale Introduces Grayscale Funds Trust and Files for 3 ETFs

As the starring integer currency money manager, successful presumption of assets nether absorption (AUM), Grayscale Investments unveiled the Grayscale Funds Trust launch. The spot is simply a Delaware statutory spot operation designed to fortify the company’s worldwide plus absorption capabilities. “A registration connection relating to Grayscale Funds Trust has been filed with the SEC but has not yet go effective,” Grayscale stated connected Tuesday.

Grayscale highlighted that they had antecedently established Grayscale Advisors, an SEC-registered concern advisor, which volition service arsenic the caller trust’s advisor. Besides the trust, Grayscale has besides filed a registration connection for 3 further funds. These recently launched funds dwell of the Grayscale Ethereum Futures ETF, Grayscale Global Bitcoin Composite ETF, and Grayscale Privacy ETF.

Grayscale CEO Michael Sonnenshein said successful a statement: “The instauration of Grayscale Funds Trust reflects our dedication to scaling Grayscale’s concern responsibly,” adding that “we are putting the indispensable foundations successful spot truthful Grayscale tin proceed creating and managing regulated, future-forward products.”

Moreover, Grayscale announced that David LaValle, the company’s planetary caput of ETFs, would assistance with their expansion. “It has been incredibly breathtaking to physique our ETF franchise – hiring a dedicated team, expanding our partnerships, and enhancing our presumption wrong the ETF ecosystem,” LaValle said.

What are your thoughts connected Grayscale Investments’ latest determination into the satellite of exchange-traded funds and the constitution of the Grayscale Funds Trust? Share your opinions and insights successful the comments conception below.

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