Crypto asset manager Grayscale Investments has announced the launch of Grayscale Funds Trust, a new entity managing its growing funds. Simultaneously, the firm has filed for three new crypto-focused ETFs (exchange-traded funds) with the United States Securities and Exchange Commission (SEC). The proposed ETFs include Ethereum Futures ETF, Global Bitcoin Composite ETF, and a Privacy ETF.
The launch of Grayscale Funds Trust signifies the company’s intent to manage several of its publicly traded financial products in-house. The Global Bitcoin Composite ETF will invest in exchange-traded products related to or backed by Bitcoin, including Bitcoin mining firms. The Ethereum Futures ETF aims to offer indirect exposure to Ether’s potential future value through shares tracking its price. The Grayscale Privacy ETF, meanwhile, intends to invest in companies working on blockchain-based privacy technology.
As it stands, the three ETFs are unavailable for public purchase until the SEC approves the
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