Grayscale to Launch Ethereum Classic Trust, Modeled After Bitcoin Investment Trust

Digital Currency Group’s Grayscale recently announced the Ethereum (ETC) Investment Trust or EIT. Barry Silbert, CEO and Founder of Digital Currency Group (DCG) is the man behind this effort. On the Grayscale website, the trust’s description reads: “Ethereum (ETC) Investment Trust allows investors to gain exposure to the price movement of Ethereum Classic through the purchase of a titled security.” What’s in a name? The problem seems to be the use of the word “Ethereum” in the name of EIT. While the Ethereum foundation is the trademark holder of Ethereum the brand, the currency has split....

Grayscale Investments says the registration statement on Form 10 that it filed with the U.S. Securities and Exchange Commission (SEC) on behalf of the Ethereum Trust has become effective. This means Ethereum Trust is now an official SEC reporting company and the second digital currency investment product to achieve the milestone. Grayscale’s BTC Trust (GBTC) is the first investment product to attain the status after its filing became effective on January 21 of 2020. An organization becomes a SEC reporting company or public company upon “registration pursuant to Section 12(g)....

Grayscale also publicly filed three Form 10 registration statements on behalf of Grayscale Bitcoin Cash Trust, Grayscale Ethereum Classic Trust, and Grayscale Litecoin Trust. Cryptocurrency asset manager Grayscale Investments continues reinforcing its commitment to digital currency investment products with a new filing with the United States Securities and Exchange Commission, or SEC.The company announced Monday that it has filed a Form 10 registration statement 10 with the SEC on behalf of its Grayscale Digital Large Cap Fund (GDLC) to become an SEC reporting company. Grayscale’s....

Grayscale Investments has launched five new cryptocurrency investment products, which are now available for subscription by eligible individual and institutional accredited investors. The company now offers a total of 14 crypto investment products. The new products are the Basic Attention Token (BAT) Trust, the Chainlink (LINK) Trust, the Decentraland (MANA) Trust, the Filecoin (FIL) Trust, and the Livepeer (LPT) Trust. They function the same as Grayscale’s other single-asset investment trusts, the company announced Wednesday. Grayscale’s other single-asset investment....

The possible creation of a new investment vehicle is bringing wider attention to the lesser-known digital currency, ether classic. Teased as a forthcoming offering from Digital Currency Group (DCG) subsidiary Grayscale Investments, the investment vehicle (tentatively named the Ethereum (ETC) Investment Trust) would be a first-of-its-kind product offering exposure to the blockchain-based asset. Started as a controversial offshoot of ethereum, a blockchain platform for applications launched in 2014, ethereum classic has strived for legitimacy since it was created last summer, often in the....