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4 years ago

Grayscale Ethereum (ETH) Trust Is Now Officially an SEC-Reporting Company

Jordan Lyanchev Oct 12, 2020 13:49
Two months after filing a Form 10 with the SEC on behalf of its Ethereum Trust, Grayscale Investments announced that the Trust has now become an SEC-reporting company.
  • The leading digital currency asset management company Grayscale Investments announced that its Ethereum Trust will report directly to the US Securities and Exchange Commission (SEC).

 

  • Grayscale filed Form 10 with the SEC a few months ago on behalf of the Ethereum Trust to become the second company product designated as a digital currency investment vehicle reporting to the Commission. The other product is the Grayscale Bitcoin Trust. 

 

  • The announcement from today reads that following the Ethereum Trust approval by the SEC, its shares are now registered under Section 12(g) of the Securities Exchange Act of 1934.

 

  • Reporting to the Commission enables accredited investors who own or purchase shares from the Ethereum Trust’s private placement to take advantage of enhanced liquidity. This is a result of the reduced statutory holding period from 12 to 6 months. 

 

  • The Ethereum Trust will have to file its quarterly and annual reports, including financial statements, on Form 10-Qs, and 10-Ks with the Commission. This comes in addition to the current reports on Form 8-K and complying with all other obligations under the Exchange Act.

 

  • The announcement clarified that “this voluntary filing for Form 10 should not be confused as an effort to classify Grayscale Ethereum Trust as an exchange-traded fund (ETF). The structure of the Trust will not change, and it will continue to not operate a redemption program nor trade on a national securities exchange.”  
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Jordan Lyanchev

Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

Tags: BitcoinEthereumGrayscaleSEC

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