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Three More Grayscale Trusts Become SEC Reporting Companies

They join three other trusts that will be regulated in a similar way to companies with share listings.

Sep 10, 2021 at 11:29 a.m. UTC
Updated Sep 10, 2021 at 2:45 p.m. UTC

Three of Grayscale Investments’ trusts have become companies with U.S. Securities and Exchange Commission (SEC) reporting obligations, the world’s largest digital assets manager said Friday.

  • The Grayscale Bitcoin Cash Trust, Ethereum Classic Trust and Litecoin Trust are now required to provide the SEC with financial statements and meet the requirements of the 1933 Securities Act, the company said.
  • They join Grayscale’s Bitcoin, Ethereum and Digital Large Cap Fund trusts in taking on those obligations.
  • All six are now regulated in a similar way to regular companies with publicly traded shares.
  • Registration requires the trusts to file audited financial statements with the SEC. It also reduces the minimum holding period for trust shares to six months from 12.
  • Grayscale had more than $44 billion of assets under management as of the beginning of September. It is owned by Digital Currency Group, the parent of CoinDesk.
  • The registration was reported earlier by Forbes.

UPDATE (SEPT. 10, 14:06 UTC) Adds audited financial statements, share holding period in fourth bullet point, assets under management in fifth.

UPDATE (SEPT. 10, 14:34 UTC) Changes source of information to Grayscale Investments.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sheldon Reback is a CoinDesk news editor based in London.

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