The world’s largest cryptocurrency asset manager Grayscale Investments publicized the establishment of Grayscale Funds Trust, which is a new formation that will make it possible for Grayscale Investments to independently oversee its 1940 Act products while at the same time still allows the firm to continue to develop its exchange traded fund suite of products. Regarding the news, Grayscale CEO Michael Sonnenshein stated: “The creation of Grayscale Funds Trust reflects our dedication to scaling Grayscale’s business responsibly.” “We are putting the necessary foundations in place so Grayscale can continue creating and managing regulated, future-forward products.” At the same time, the organization also stated that it filed a Form N-1A with the Securities and Exchange Commission for the Grayscale Ethereum Futures ETF, Grayscale Global Bitcoin Composite ETF, and the Grayscale Privacy ETF. See below a listing of some of Grayscale’s ETFs and popular ETPs along with their year-to-date price action: Grayscale Future of Finance ( NYSEARCA: GFOF ) +51.6% . Grayscale Bitcoin Trust ( OTC:GBTC ) +94.7% . Grayscale Ethereum Trust ( OTCQX:ETHE ) +85.6% . Grayscale Litecoin Trust ( OTCQX:LTCN ) +82.4% . More on the Crypto Landscape: Blockchain and crypto ETFs stumble amid Binance worries Bitcoin climbs past $28K after April CPI report shows inflation easing Y/Y Grayscale Bitcoin Trust: Will They Win The ETF Case? And When?
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