Grayscale moves to expand ETF business as legal fight over spot bitcoin fund continues

Grayscale Investments is forging ahead in its plan to transform itself into a major ETF player even as the firm's potential flagship fund remains blocked by regulators. The crypto-focused asset manager announced on Tuesday that it has created the Grayscale Funds Trust to manage some publicly traded products, including ETFs, under its own roof as part of the rules of the 1940 Investment Companies Act. Grayscale also filed to create three new ETFs under the banner of the trust.

The case was heard by the DC Circuit Court of Appeals in March and a decision is expected later this year. Sonnenshein said that while the shift into ETFs is part of the broader corporate plan for Grayscale, the lawsuit and the creation of the new ETF trust are "separate and distinct" issues. Grayscale does ultimately plan on converting all of its digital asset trusts into U.S.-listed ETFs, he added.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

A brief 'tactical' rally is opening up for these bank stocks and an ETF, says Fundstrat's Thomas LeeWe've got a bold call of the day, from the founder of Fundstrat Global Advisors, Thomas Lee, who says investors have a few weeks to profit off some banks.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Millions of XRP Grabbed by Top Whales as Crypto Market DeclinesMillions of XRP shift to whales' wallets as $XRP dips 6% XRPArmy XRPHolders XRPCommunity
Fonte: Utoday_en - 🏆 295. / 63 Consulte Mais informação »