Grayscale Investments’ Ethereum Trust on Monday became a Securities and Exchange Commission (SEC) reporting company, a move that increases the trust’s transparency – and potentially its liquidity.
- The Ethereum Trust will begin regularly disclosing how much money is flowing through its passive ETH investment vehicle, according to SEC filings.
- Accredited investors who hold the trust will be able to sell after only a six-month lockup instead of the usual 12.
- "We're seeing interest from investors who have become more comfortable with digital currencies through bitcoin exposure, and are now looking at how else they can diversify within the asset class," said Grayscale's managing director, Michael Sonnenshein.
- The trust is Grayscale’s second crypto vehicle with shares registered under the Exchange Act of 1934, after its Bitcoin Trust became effective as a reporting company in January.
- Grayscale is part of Digital Currency Group, CoinDesk's parent company.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.