In January, the crypto asset manager sued the SEC for not approving its spot bitcoin ETF.
Cryptocurrency asset manager Grayscale Investments announced the launch of The Grayscale Funds Trust.
The new entity will allow the firm to manage many of its publicly traded financial products in-house.
Bullish on Crypto’s Future
In addition, Grayscale has 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.
Grayscale’s move to file registration statements for three new crypto-focused ETFs suggests that the firm is still bullish on the future of cryptocurrency investment products.
“Investors want and deserve access to future-forward investment opportunities, and Grayscale Funds Trust will allow us to expand our offerings as we build our ETF franchise under @Dave_LaValle,” Grayscale said in its statement on Twitter.
ETF Expansion Plans
The Grayscale Privacy ETF, on the other hand, would invest in companies working on blockchain-based privacy technology. However, until the SEC approves the registration statement, none of the three ETFs will be available for public purchase.
Tussle Over Spot Bitcoin ETF
While the SEC has approved several Bitcoin Futures ETFs, it has so far rejected every application for a spot Bitcoin investment product, citing concerns about exposing investors to potential fraud and market manipulation.