Crypto News: Grayscale Investments Expands Global Asset Management with Launch of Grayscale Funds Trust and Three New ETFs
Leading Crypto Asset Manager Grayscale announces the formation of Grayscale Funds Trust and files for three innovative ETFs to broaden investment opportunities in the digital asset market.
Grayscale Investments, a renowned name in the crypto digital asset management industry, is taking a significant step to enhance its global asset management capabilities.
The company has recently unveiled the Grayscale Funds Trust and concurrently filed applications for the introduction of three new exchange-traded funds (ETFs).
The establishment of the Grayscale Funds Trust, a Delaware statutory trust, signifies Grayscale’s commitment to diversifying its asset management offerings on a global scale, targeting investors seeking exposure to digital assets.
In line with its goal to expand its ETF portfolio, Grayscale has submitted a Registration Statement to the United States Securities and Exchange Commission (SEC), aiming to introduce three innovative funds: the Grayscale Ethereum Futures ETF, the Grayscale Global Bitcoin Composite ETF, and the Grayscale Privacy ETF. Pending regulatory approval, these ETFs will offer investors additional avenues to capitalize on the thriving digital asset market.
It is important to note that the Registration Statement is currently under review by the SEC. During this period, trading or purchasing securities associated with the Grayscale Funds Trust would be deemed unlawful.
It is imperative for potential investors to exercise caution and ensure adherence to state securities laws concerning the registration or qualification of these securities.
Prospective investors are encouraged to stay informed by thoroughly reviewing the forthcoming prospectus. The prospectus will serve as a comprehensive guide, providing essential information about the funds, including investment objectives, associated risks, charges, and expenses. Please note that the prospectus is subject to updates and revisions as the registration process progresses.
Grayscale Investments’ commitment to expanding its global asset management capabilities through the launch of the Grayscale Funds Trust and the introduction of new ETFs underscores its dedication to providing innovative investment opportunities within the dynamic digital asset landscape.
This move will enhance investor access and provide diversified options in the ever-evolving market.
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