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Grayscale expands ETF business, puts forward 3 new crypto funds

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Grayscale Investments has launched a Funds Trust alongside a request to the SEC for permission to launch 3 new crypto-focused ETFs.

Three new crypto-focused exchange-traded funds have been put forward for approval by cryptocurrency asset manager Grayscale Investments, which also announced a new entity to manage its growing funds.it launched a new arm of its business — the Grayscale Funds Trust — allowing it to manage many of its publicly traded financial products in-house.

The Global Bitcoin Composite ETF would invest in exchange-traded products that are related to or backed by BitcoinSimilarly, the Ethereum futures ETF would allow an indirect exposure to the potential future value of Ether by way of shares that track ETH’s price.

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The new funds are an Ethereum Futures ETF, a Global Bitcoin Composite ETF and a Privacy ETF. The Global Bitcoin Composite ETF would invest in exchange-traded products that are related to or backed by Bitcoin, including Bitcoin mining firms.

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Grayscale moves to expand ETF business as legal fight over spot bitcoin fund continuesThe crypto-focused asset manager announced a new trust and filed for three new ETFs on Tuesday.
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