Asset management company Grayscale Investments has filed an application with the US Securities and Exchange Commission (SEC) to register the Grayscale Ethereum Trust (ETHE).
Grayscale Investments made this decision voluntarily. If the regulator approves the company’s application, it will provide the agency with annual Form 10-K reports on Grayscale Ethereum Trust, quarterly Form 10-Q reports and ongoing Form 8-K reports.
If the regulator gives the green light, then Ethereum Trust will become the second instrument of the company regulated by the SEC. Grayscale has previously applied to the Commission to register a GBTC trust denominated in bitcoins. The company’s management believes that if the ETHE trust becomes accountable to the US regulator, it will be more attractive to institutional investors.
According to Grayscale Investments, the second quarter of 2020 was the record for the inflow of investments in bitcoin and ether trusts in the entire history of the company. In the second quarter, the investment in the Grayscale Bitcoin Trust amounted to $ 751.1 million, and the Grayscale Ethereum Trust accounted for $ 135.2 million. In addition, on August 5, Grayscale announced on Twitter about another update of the record for the total amount of digital assets under the management of the company, which reached marks of $ 5.5 billion, of which $ 4.5 billion are in the Grayscale Bitcoin Trust, and $ 746 million in the Grayscale Ethereum Trust.
In November Grayscale Investments announced Starting PC diversified investment product of five cryptocurrency for open trade – Grayscale Digital Large Cap Fund (GDLCF ). It has received approval from the Financial Services Regulatory Authority (FINRA) and the US Central Securities Depository (DTC).