Grayscale ETH trust officially became an SEC-reporting company, two months after filing a Form 10 with the SEC on behalf of the ethereum trust. The company announced that the Trust has now become an SEC-reporting company so let’s read more in the latest ethereum news.
The leading digital currency asset management company, announced today that its Ethereum trust will report directly to the United States Securities And Exchange Commission. Grayscale ETH trust officially became a reporting company to the SEC. Grayscale filed a Form 10 with the regulator a month ago on behalf of the ETH trust to become the second company product which will be designated as a digital currency investment platform that will report to the Commission. The other product is the Grayscale Bitcoin Trust.
The announcement from earlier today reads the following ETH Trust approval by the SEC and shares are now registered under Section 12 of the Securities Exchange Act of 1934. Reporting to the Commission enables the investors who own or buy shares from the ETH trust’s private placement to take advantage of the improved liquidity. This is a result of the reduced statutory holding period from 12 to 6 months. The ETH Trust will have to file a quarterly and annual report including the financial statement on Form 10-Qs and the 10-KS with the commission. This comes in addition tot eh current reports on Form 8-K and complying with the rest of the obligations under the exchange act.
The announcement clarified that the voluntary filing for Form 10 should not be mistaken as an effort to classify Grayscale Ethereum Trust as an exchange-traded fund but the structure of the Trust will not change and will continue not to operate a redemption program nor trade on the national securities exchange.
Also as recently reported, BCH and LTC Grayscale Investments trusts are set to start trading publicly on the over-the-counter markets after they received a DTC eligibility. The BCH and LTC Grayscale trusts provide institutional and retail investors exposure to their namesake cryptocurrencies, bitcoin cash, and litecoin with $5.8 billion and $4.3 billion market cap. Grayscale fashioned its new growing family of crypto trusts as a gateway for all investors that lack the technical know-how or they don’t have the tolerance to hold coins themselves.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]