Grayscale Apply To SEC For Approved Ethereum Futures, Bitcoin Composite ETFs
Key Points:
- Grayscale has filed three new ETF applications with the US Securities and Exchange Commission (SEC), namely Grayscale Ethereum Futures ETF, Grayscale Global Bitcoin Successful ETF, and Grayscale Privacy ETF.
- This asset management company said the registration still needs to be in effect.
- In the past, the SEC has repeatedly rejected the company’s proposal to convert its flagship GBTC fund into a spot bitcoin ETF.
According to an official announcement, Grayscale Asset Management Company has submitted documents to the US Securities and Exchange Commission for three new ETF applications: Ethereum Futures ETF, Global Bitcoin Successful ETF, and Privacy ETFs.
A Delaware statutory trust structure called Grayscale Funds Trust, which will improve our skills as a global asset manager, was also created, according to the business.
A registration statement regarding the Grayscale Funds Trust has been filed with the SEC but has yet to enter into force. Ethereum Futures Funds and Bitcoin Composite ETFs will not invest directly in digital assets. These securities are neither sold nor accepted for purchase before the registration statement’s effective date.
Refers to an Ethereum Futures fund that will seek to purchase a number of Ether Futures Contracts so that the total nominal value (i.e., the full value of an underlying asset) of the ether underlying the Ether Futures Contracts held by the Fund has approximately 100% of the Fund’s net assets.
This message is not an offer to sell or a solicitation of an offer to purchase, nor is it a sale of these securities in any state where such an offer, solicitation, or sale would be permissible without first registering with or meeting the requirements of that state’s securities laws.
Investment objectives, risks, fees, costs, and other important information about the Fund are included in the prospectus.
Grayscale was previously involved in a long legal battle with the SEC over its request to convert its flagship GBTC fund into a spot bitcoin ETF. The business anticipates that the court will issue a ruling this fall.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Foxy
Coincu News
Author
News
Grayscale Apply To SEC For Approved Ethereum Futures, Bitcoin Composite ETFs
Key Points:
- Grayscale has filed three new ETF applications with the US Securities and Exchange Commission (SEC), namely Grayscale Ethereum Futures ETF, Grayscale Global Bitcoin Successful ETF, and Grayscale Privacy ETF.
- This asset management company said the registration still needs to be in effect.
- In the past, the SEC has repeatedly rejected the company’s proposal to convert its flagship GBTC fund into a spot bitcoin ETF.
According to an official announcement, Grayscale Asset Management Company has submitted documents to the US Securities and Exchange Commission for three new ETF applications: Ethereum Futures ETF, Global Bitcoin Successful ETF, and Privacy ETFs.
A Delaware statutory trust structure called Grayscale Funds Trust, which will improve our skills as a global asset manager, was also created, according to the business.
A registration statement regarding the Grayscale Funds Trust has been filed with the SEC but has yet to enter into force. Ethereum Futures Funds and Bitcoin Composite ETFs will not invest directly in digital assets. These securities are neither sold nor accepted for purchase before the registration statement’s effective date.
Refers to an Ethereum Futures fund that will seek to purchase a number of Ether Futures Contracts so that the total nominal value (i.e., the full value of an underlying asset) of the ether underlying the Ether Futures Contracts held by the Fund has approximately 100% of the Fund’s net assets.
This message is not an offer to sell or a solicitation of an offer to purchase, nor is it a sale of these securities in any state where such an offer, solicitation, or sale would be permissible without first registering with or meeting the requirements of that state’s securities laws.
Investment objectives, risks, fees, costs, and other important information about the Fund are included in the prospectus.
Grayscale was previously involved in a long legal battle with the SEC over its request to convert its flagship GBTC fund into a spot bitcoin ETF. The business anticipates that the court will issue a ruling this fall.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Foxy
Coincu News
Other Posts
Related Posts
News
Joe Biden Presidential Campaign Is Being Supported by the Crypto Community to Quit
News
LayerZero Critical Vulnerability Denied Amid Allegations Questioning Protocol Design
Press Releases
PlayDoge ($PLAY) Achieves $5 Million Milestone in ICO, a Tamagotchi-Style Meme Coin
Sponsored Articles
Cardano (ADA), Ripple (XRP), And ETFSwap (ETFS) Are The Altcoins To Hold When Spot Bitcoin ETFs Inflow Return
News
Bitcoin Whale Wallets With Over 1,000 BTC Are Almost At A New All Time High
News
Ripple’s XRP Sale Worth $78 Million Is Putting Great Pressure on Token Prices
News
LayerZero Token Airdrop Rules Announced, Early Transactions Will Be Eewarded 3x
Latest
Critical Update: Binance US SEC Lawsuit Advances to Evidence Stage!
Press Release
The Shiba Inu (SHIB) Frenzy Is OVER Mpeppe (MPEPE) Has Taken Over Join the Party?
Nubila Kickstarts Fundraising Round Led by IoTeX, VeChain and Other Leading Investors
