Crypto asset manager Grayscale Investments has publicly filed with the United States Securities and Exchange Commission (SEC) on behalf of its Ethereum Trust to become a company reporting to the commission. This comes after Grayscale Bitcoin Trust became an SEC reporting company earlier in January.
Grayscale Files Form 10 With The SEC
Grayscale Investments is known for its bullish sentiment about cryptocurrency. The company currently holds over $4.7 billion worth of bitcoin on behalf of its clients. Further, the firm’s Ethereum Trust has around $745 million in ethereum.
In an announcement on August 6, Grayscale revealed that it had voluntarily filed for its Ethereum Trust to attain the status of an SEC reporting company. In particular, it filed a Registration Statement on Form 10 with the commission.
“This is a voluntary filing that, if it becomes effective, would designate the Trust as an SEC reporting company and register its shares pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended.”
If this application is successful, Ethereum Trust will become the second platform to achieve the status of a digital currency investment vehicle reporting to the SEC after Grayscale Bitcoin Trust. Read More