Cryptocurrency asset manager Grayscale Investments has announced the launch of a new arm of its business, the Grayscale Funds Trust, which will allow the company to manage its publicly traded financial products in-house. The announcement coincided with Grayscale’s submission of a registration statement with the US Securities and Exchange Commission (SEC) for three new crypto-focused exchange-traded funds (ETFs), including an Ethereum Futures ETF, a Global Bitcoin Composite ETF, and a Privacy ETF.
The Global Bitcoin Composite ETF would invest in exchange-traded products related to or backed by Bitcoin, including Bitcoin mining firms, while the Ethereum Futures ETF would offer indirect exposure to the potential future value of Ether through shares tracking ETH’s price. The Grayscale Privacy ETF would invest in companies working on blockchain-based privacy technology. However, until the SEC approves the registration statement relating to Grayscale Funds Trust, none of the three ETFs will be available for public purchase.