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Three More Grayscale Trusts Become SEC Reporting Companies
They join three other trusts that will be regulated in a similar way to companies with share listings.
Three of Grayscale Investments’ trusts have become companies with U.S. Securities and Exchange Commission (SEC) reporting obligations, the world’s largest digital assets manager said Friday.
- The Grayscale Bitcoin Cash Trust, Ethereum Classic Trust and Litecoin Trust are now required to provide the SEC with financial statements and meet the requirements of the 1933 Securities Act, the company said.
- They join Grayscale’s Bitcoin, Ethereum and Digital Large Cap Fund trusts in taking on those obligations.
- All six are now regulated in a similar way to regular companies with publicly traded shares.
- Registration requires the trusts to file audited financial statements with the SEC. It also reduces the minimum holding period for trust shares to six months from 12.
- Grayscale had more than $44 billion of assets under management as of the beginning of September. It is owned by Digital Currency Group, the parent of CoinDesk.
- The registration was reported earlier by Forbes.
See also: Osprey’s Bitcoin Trust Ups the Ante in Race to Displace GBTC
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UPDATE (SEPT. 10, 14:06 UTC) Adds audited financial statements, share holding period in fourth bullet point, assets under management in fifth.
UPDATE (SEPT. 10, 14:34 UTC) Changes source of information to Grayscale Investments.
Sheldon Reback
Sheldon Reback is CoinDesk editorial's Regional Head of Europe. Before joining the company, he spent 26 years as an editor at Bloomberg News, where he worked on beats as diverse as stock markets and the retail industry as well as covering the dot-com bubble of 2000-2002. He managed the Bloomberg Terminal's main news page and also worked on a global project to produce short, chart-based stories across the newsroom. He previously worked as a journalist for a number of technology magazines in Hong Kong. Sheldon has a degree in industrial chemistry and an MBA. He owns ether and bitcoin below CoinDesk's notifiable limit.
