Grayscale Investments has announced the formation of a new entity called Grayscale Funds Trust and the filing of registration statements for three new ETFs related to cryptocurrency. The Grayscale Funds Trust will allow the firm to manage its older products while pursuing ETFs.
The three new ETFs are the Grayscale Ethereum Futures ETF, the Grayscale Privacy ETF, and the Grayscale Global Bitcoin Composite ETF, but they are not yet effective and cannot be bought or sold. Grayscale has faced difficulties obtaining permission from the SEC to convert GBTC into a spot ETF.
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