Grayscale Ethereum Trust becomes an SEC-reporting company.

Grayscale Ethereum Trust became a company reporting to the U.S. Securities and Exchange Commission (SEC).

ANNOUNCEMENT: @Grayscale #Ethereum Trust is now an SEC reporting company! This marks an incredible milestone for the product, my team, and the digital currency industry — $ETHE is now the 2nd digital currency investment product to become SEC reporting (following our $BTC Trust) pic.twitter.com/hOXBEXbIpf

— Michael Sonnenshein (@Sonnenshein) October 12, 2020

This is Grayscale’s second product to attain such status. The first digital asset investment product for which the SEC files Form 10-K was the Grayscale Bitcoin Trust.

According to the press release, the company will file quarterly and annual financial reports on Forms 10-K, 10-Q and 8-K.

Accredited investors will have the opportunity to sell Ethereum Trust shares on the secondary market in six months, rather than a year, as previously.

According to the latest figures, Grayscale’s assets under management total $6 billion.

10/09/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.

Total AUM: $6.0 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/0Lk3BvUILw

— Grayscale (@Grayscale) October 9, 2020

The Bitcoin-based trust remains the most in-demand among investors. The Ethereum Trust is the second most popular.

Earlier the SEC named institutional investors in Grayscale Investments’ Bitcoin Trust (GBTC). Among them were Ark Invest, Addison Capital and Corriente Advisor.

Subscribe to ForkLog news on Facebook!