Grayscale Funds Trust introduces Grayscale Funds Trust, and files for three ETFs
Grayscale Investments , the leader in digital currency funds based on assets under management (AUM), launched Grayscale Funds Trust. The trust is an Delaware statutory trust designed to enhance the company’s global asset management capabilities. Grayscale Funds Trust’s registration statement has been filed at the SEC, but it hasn’t yet become effective.
Grayscale emphasized that it had established Grayscale Advisors – an SEC registered investment advisor – which will act as the advisor for the new trust. Grayscale also registered three other funds in addition to the trust. Grayscale Ethereum Futures ETF is one of these newly launched funds. Grayscale Global Bitcoin Composite ETF and Grayscale Privacy ETF are also included.
Grayscale CEO Michael Sonnenshein stated that “the creation of Grayscale Funds Trust is a reflection of our commitment to scaling Grayscale’s business responsibly.” He added, ‘we are setting the foundations necessary so Grayscale can create and manage regulated, forward-looking products.
Grayscale also announced that David LaValle would help with the expansion of their ETFs. LaValle stated that it was a great experience to expand the ETF franchise. This included hiring a team of dedicated employees, expanding partnerships and strengthening our position in the ETF eco-system.