Digital currency asset manager Grayscale Investments announced the formation of Grayscale Funds Trust, a Delaware statutory trust structure that will allow Grayscale to independently manage its 1940 Act products as the firm continues to build out its ETF franchise.
Grayscale also announced it filed a Registration Statement on Form N-1A with the Securities and Exchange Commission (SEC) for Grayscale Ethereum Futures ETF, Grayscale Global Bitcoin Composite ETF, and Grayscale Privacy ETF, each a series of Grayscale Funds Trust.
Grayscale previously formed Grayscale Advisors, a SEC-registered investment advisor, which will serve as investment advisor to the ETFs issued by Grayscale Funds Trust.
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