Grayscale’s BCH, LTC, ETC Trusts Now One Step Closer to Becoming ETFs

Grayscale’s BCH, LTC, ETC Trusts Now One Step Closer to Becoming ETFs

On Friday, Grayscale Investments, the world’s largest digital currency asset manager in terms of assets under management (AUM), revealed that three trusts have been filed with the Securities and Exchange Commission (SEC) in order to become SEC reporting companies. The three trusts include individual crypto asset products such as the bitcoin cash trust, the litecoin trust, and the ethereum classic trust, which will join three other Grayscale trusts that are already SEC reporting companies. Grayscale’s BCH, LTC, ETC Trusts to Join Three Other Products as SEC Reporting Companies....


Related News

Crypto Staking Now Approved For US ETFs And Trusts: Key Details

Treasury Secretary Scott Bessent recently announced that the Treasury and the Internal Revenue Service (IRS) have provided a clear legal pathway for exchange-traded funds (ETFs) and trusts to stake crypto assets and share rewards with investors.  New Crypto Staking Provisions  Bill Hughes, a market expert and lawyer from the blockchain software firm ConsenSys, explained that, […]

DeFi focused: Grayscale exploring 13 more crypto assets for its trusts

Grayscale has added 13 new cryptocurrencies to its list of assets under consideration, again exhibiting significant interest in DeFi. Institutional asset manager Grayscale has announced 13 more crypto assets are currently under consideration for its suite of crypto investment trust products.Revealed on June 18, the prospective assets mainly represent the decentralized finance (DeFi) sector, including 1inch, Bancor, Curve, Kava, Kyber Network, Loopring, Polygon, Ren, Universal Market Access, and 0x.The native tokens of high-speed scalable blockchain networks Solana, Near, and Dfinity have....

How Blockchain Could Make Trusts More Transparent

Amid the outcry over British Prime Minister David Cameron's tax affairs, his intervention in 2013 to block EU transparency rules regarding offshore trusts bears more scrutiny. It was decided that trusts should not be held to the same standards as companies when it came to making the end owners and beneficiaries publicly known. But now the Panama Papers raise important questions as to whether trusts ought to be more open to public scrutiny. A major reason for this relates to fairness when it comes to paying taxes. However, blockchain may provide a solution to this problem, enabling trusts....

SEC Delays Decision On Staking For Grayscale’s Ethereum ETFs

The US Securities and Exchange Commission (SEC) has announced a delay in its decision regarding the approval of staking for Ethereum ETFs from asset manager Grayscale. This setback comes as the SEC awaits the confirmation of pro-crypto commissioner Paul Atkins, whose appointment has yet to be finalized. SEC Postpones Staking Approval On Ethereum ETFs On […]

Grayscale publishes roadmap for turning its products into crypto ETFs

The company is renewing its push for a U.S. ETF but offered no specific guarantees or promises. After several attempts in previous years, Grayscale has renewed its push to release a Bitcoin exchange-traded fund on American asset markets. According to a Monday roadmap, two of its funds, GBTC and ETHE, are on the short-list to become proper ETFs. However, the company has not indicated any concrete efforts, such as filing a new request with the SEC, nor has it provided meaningful timelines for these plans.Grayscale is one of the major providers of cryptocurrency exposure in traditional....