Grayscale Investments, the world’s largest digital currency asset manager, has 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.
“The creation of Grayscale Funds Trust reflects our dedication to scaling Grayscale’s business responsibly,” says Grayscale CEO Michael Sonnenshein. “We are putting the necessary foundations in place so Grayscale can continue creating and managing regulated, future-forward products.”
In conjunction with the creation of Grayscale Funds Trust, 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, LLC, a SEC-registered investment adviser, which will serve as investment adviser to the ETFs issued by Grayscale Funds Trust.
“It has been incredibly exciting to build our ETF franchise – hiring a dedicated team, expanding our partnerships, and enhancing our position within the ETF ecosystem,” says Grayscale Global Head of ETFs David LaValle. “We are proud to have launched our first products in the US and Europe in 2022, and today’s filing demonstrates our continued commitment to offering investors innovative ways to access the digital economy and transformative technologies using a familiar, trusted, regulated investment vehicle: the ETF.”
