Grayscale Investments, the world's largest digital asset manager, has announced the formation of a new trust, Grayscale Funds Trust, as part of its efforts to launch a spot Bitcoin Exchange Traded Fund (ETF) in the US. The new Delaware statutory trust structure will allow Grayscale to independently manage its 1940 Act products and expand its ETF business. The company has also filed a new registration statement with the US Securities and Exchange Commission for a new Ethereum Futures ETF, a new Grayscale Global Bitcoin Composite ETF, and a Grayscale Privacy ETF. Grayscale is currently engaged in legal warfare with the SEC over its refusal to approve spot Bitcoin ETF products in the US.
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Grayscale Investments Forms New Trust in Effort to Launch Bitcoin ETF in the US
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