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Grayscale Investments filed an application with the SEC to register a trust for Ethereum

Grayscale Investments filed an application with the SEC to register a trust for Ethereum

Asset management company Grayscale Investments has filed an application with the US securities and exchange Commission (SEC) to register the Grayscale Ethereum Trust (ETHE).

Grayscale Investments made this decision voluntarily. If the regulator approves the company’s application, it will provide the Agency with annual reports on Grayscale Ethereum Trust’s activities on form 10-K, quarterly reports on form 10-Q, and ongoing reports on form 8-K.

If the regulator “gives the green light”, then Ethereum Trust will become the company’s second tool regulated by the SEC. Grayscale has previously applied to the Commission to register a GBTC trust denominated in bitcoins. The company’s management believes that if the ETHE trust becomes accountable to the us regulator, it will be more attractive to institutional investors.

According to Grayscale Investments, the second quarter of 2020 was a record for the inflow of investments in bitcoin and ether trusts in the entire history of the company. For the second quarter, the volume of investments in the Grayscale Bitcoin Trust was $751.1 million, and the Grayscale Ethereum Trust accounted for $135.2 million. Also, August 5 Grayscale
she tweeted about the next update of the record for the total volume of digital assets under management of the company, which reached $5.5 billion. Of these, $4.5 billion is in the Grayscale Bitcoin Trust, and $746 million is in the Grayscale Ethereum Trust.

In November, Grayscale Investments announced the launch of a diversified investment product of five cryptocurrencies for open trading-Grayscale Digital Large Cap Fund (GDLCF). It has been approved by the financial services regulatory Authority (FINRA) and the us Central securities Depository (DTC).