{"id":20763,"date":"2023-05-10T15:12:43","date_gmt":"2023-05-10T15:12:43","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/grayscale-investments-files-for-3-new-exchange-traded-funds-bitcoin-news\/"},"modified":"2023-05-10T15:12:43","modified_gmt":"2023-05-10T15:12:43","slug":"grayscale-investments-files-for-3-new-exchange-traded-funds-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/grayscale-investments-files-for-3-new-exchange-traded-funds-bitcoin-news\/","title":{"rendered":"Grayscale Investments Files for 3 New Exchange Traded Funds \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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On May 9, digital currency fund manager Grayscale Investments announced the establishment of the Grayscale Funds Trust and submitted registration filings for three exchange-traded funds with the U.S. Securities and Exchange Commission.<\/strong><\/p>\n

Grayscale Introduces Grayscale Funds Trust and Files for 3 ETFs<\/h2>\n

As the leading digital currency fund manager, in terms of assets under management (AUM), Grayscale Investments unveiled<\/a> the Grayscale Funds Trust launch. The trust is a Delaware statutory trust structure designed to strengthen the company\u2019s worldwide asset management capabilities. \u201cA registration statement relating to Grayscale Funds Trust has been filed with the SEC but has not yet become effective,\u201d Grayscale stated on Tuesday.<\/p>\n

Grayscale highlighted that they had previously established Grayscale Advisors, an SEC-registered investment advisor, which will serve as the new trust\u2019s advisor. Besides the trust, Grayscale has also filed a registration statement for three additional funds. These newly launched funds consist of the Grayscale Ethereum Futures ETF, Grayscale Global Bitcoin Composite ETF, and Grayscale Privacy ETF.<\/p>\n

Grayscale CEO Michael Sonnenshein said<\/a> in a statement: \u201cThe creation of Grayscale Funds Trust reflects our dedication to scaling Grayscale\u2019s business responsibly,\u201d adding that \u201cwe are putting the necessary foundations in place so Grayscale can continue creating and managing regulated, future-forward products.\u201d<\/p>\n

Moreover, Grayscale announced that David LaValle, the company\u2019s global head of ETFs, would assist with their expansion. \u201cIt has been incredibly exciting to build our ETF franchise \u2013 hiring a dedicated team, expanding our partnerships, and enhancing our position within the ETF ecosystem,\u201d LaValle said.<\/p>\n

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Digital Currency<\/a>, exchange-traded funds<\/a>, fund manager<\/a>, Grayscale Advisors<\/a>, Grayscale Ethereum Futures ETF<\/a>, Grayscale Funds Trust<\/a>, Grayscale Global Bitcoin Composite ETF<\/a>, Grayscale Investments<\/a>, Grayscale Privacy ETF<\/a>, registration filings<\/a>, SEC<\/a><\/div>\n<\/div>\n

What are your thoughts on Grayscale Investments\u2019 latest move into the world of exchange-traded funds and the establishment of the Grayscale Funds Trust? Share your opinions and insights in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, 24K-Production \/ Shutterstock.com<\/em><\/p>\n

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