Grayscale’s Ethereum Trust joins GBTC as SEC-registered reporting company

Grayscale Ethereum Trust

Grayscale’s Ethereum Trust is now a registered reporting company with the Securities and Exchange Commission (SEC).

The Form 10 filing for the Grayscale Ethereum Trust took effect today, meaning it will now file quarterly and annual reports that include 10-K and 10Q disclosures. Grayscale first filed for the status in August.

It’s the second product from the crypto asset manager to receive the status, joining the Grayscale Bitcoin Trust (GBTC). The bitcoin offering became a reporting company in January of this year — a first for crypto investment vehicles. In the case of the bitcoin trust, Grayscale decided to pursue the registration to signal a commitment to a higher compliance standard, opting to register rather than accept a private placement exemption from the SEC.

Grayscale also has plans to shorten the holding period of shares purchased through private placement to 6 months. Accredited investors purchasing through private placement currently have to wait a year-long holding period. The firm made similar changes with its bitcoin offering when it received reporting company status. Continue Reading

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When I came up with Ethereum, my first first thought was, 'Okay, this thing is too good to be true.' As it turned out, the core Ethereum idea was good - fundamentally, completely sound