Ethereum

Bitcoin

Zcash

Spot

<p><strong>Grayscale Investments, a cryptocurrency digital asset manager, has <a href="https://www.globenewswire.com/news-release/2023/05/09/2665053/0/en/Grayscale-Investments-Forms-Grayscale-Funds-Trust.html" target="_blank" rel="noopener">announced</a> the formation of Grayscale Funds Trust to broaden its global asset management capabilities.</strong></p>
<h2 style="text-align: center;" id="grayscale-funds-trust">Grayscale Funds Trust</h2>
<p>The Grayscale Funds Trust is a Delaware statutory trust structure that allows the firm to manage its older products while pursuing exchange-traded funds (ETFs) to expand its ETF portfolio under the stewardship of Dave LaValle.</p>
<p><img decoding="async" loading="lazy" class="aligncenter size-large wp-image-22960" src="https://walletinvestor.com/magazinadmin/wp-content/uploads/2023/05/345889815_634167061458112_7447537853792986775_n-1024x577.jpg" alt="" width="1024" height="577" srcset="https://walletinvestor.com/magazinadmin/wp-content/uploads/2023/05/345889815_634167061458112_7447537853792986775_n-1024x577.jpg 1024w, https://walletinvestor.com/magazinadmin/wp-content/uploads/2023/05/345889815_634167061458112_7447537853792986775_n-300x169.jpg 300w, https://walletinvestor.com/magazinadmin/wp-content/uploads/2023/05/345889815_634167061458112_7447537853792986775_n-768x433.jpg 768w, https://walletinvestor.com/magazinadmin/wp-content/uploads/2023/05/345889815_634167061458112_7447537853792986775_n-1536x866.jpg 1536w, https://walletinvestor.com/magazinadmin/wp-content/uploads/2023/05/345889815_634167061458112_7447537853792986775_n.jpg 1604w" sizes="(max-width: 1024px) 100vw, 1024px" /><br />
Grayscale has filed registration statements for three new ETFs related to cryptocurrency, the Grayscale Ethereum Futures ETF, the Grayscale Privacy ETF, and the Grayscale Global Bitcoin Composite ETF. The Grayscale Ethereum Futures ETF derives value from exposure to Ethereum futures contracts. The Grayscale Privacy ETF tracks the Indxx Privacy Index, which includes Grayscale’s Zcash Trust. The Grayscale Global Bitcoin Composite ETF makes use of exchange-traded products, investment vehicles, and securities from Bitcoin mining companies.</p>
<h2 style="text-align: center;" id="regulatory-approval-and-prospective-investors">Regulatory Approval and Prospective Investors</h2>
<p>The Registration Statement for these ETFs has yet to be approved by the Securities and Exchange Commission (SEC). Until it becomes effective, securities related to the Grayscale Funds Trust cannot be sold or purchased. Any offer or sale of these securities would be unlawful in any state until the necessary registration or qualification under that state’s securities laws.<br />
Prospective investors are advised to review the prospectus carefully, which contains essential information about the funds, including investment objectives, risks, charges, and expenses.</p>
<h2 style="text-align: center;" id="grayscale-continues-to-pursue-spot-etf">Grayscale Continues to Pursue Spot ETF</h2>
<p>Grayscale Investments is one of the most notable investment firms offering <a href="https://walletinvestor.com/magazine/ark-invest-buys-1-4m-shares-of-grayscale-bitcoin-trust-gbtc" target="_blank" rel="noopener">cryptocurrency investment</a> vehicles for institutions. However, the firm has had difficulty obtaining permission from the SEC that would allow it to convert its Grayscale Bitcoin Trust (GBTC) into a spot ETF. GBTC redemptions were halted in 2014 following conflicts with the SEC. Grayscale has gone to court over the matter but has not yet succeeded in launching a crypto spot ETF despite its efforts.</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">NEW TODAY: We’re proud to announce the formation of Grayscale Funds Trust, a Delaware statutory trust structure that enhances our capabilities as a global asset manager. <br />Investors want and deserve access to future-forward investment opportunities, and Grayscale Funds Trust will… <a href="https://t.co/qEeqwWHNSe">pic.twitter.com/qEeqwWHNSe</a></p>
<p>&mdash; Grayscale (@Grayscale) <a href="https://twitter.com/Grayscale/status/1656042617660948486?ref_src=twsrc%5Etfw">May 9, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 style="text-align: center;" id="conclusion">Conclusion</h2>
<p>Grayscale Investments has formed Grayscale Funds Trust to expand its global asset management capabilities and has filed registration statements for three new ETFs related to cryptocurrency. These ETFs are not yet approved by the SEC and cannot be sold or purchased. Prospective investors should review the prospectus carefully, which contains essential information about the funds.</p>

Grayscale Launches Funds Trust and Files for Three New Crypto ETFs

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