Grayscale files Form 10 with the SEC to register Ethereum Trust

The investment firm Grayscale Investments has filed a Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC) for its Ethereum Trust.

Grayscale #Ethereum $ETH Trust ( Symbol: $ETHE ) filed a Registration Statement on Form 10 with the SEC. What does it mean? Read our post on Medium to learn more:https://t.co/IGLwpFHvW8

— Grayscale (@Grayscale) August 6, 2020

The company stressed that this decision is voluntary and not a regulatory requirement. It imposes additional reporting obligations to the SEC. On the other hand, for accredited investors, the holding period for the trust’s securities before sale will be shortened—from 12 months to 6 months.

Total assets under management at Grayscale currently stand at $5.5 billion.

08/05/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.

Total AUM: $5.5 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/daUhirxzte

— Grayscale (@Grayscale) August 5, 2020

The Bitcoin-based trust, which accounts for more than 80% of the company’s portfolio ($4.53 billion), is the most popular. The Grayscale Ethereum Trust ranks second in investor interest.

Earlier ForkLog reported that Grayscale Investments managed to raise $1 billion for its funds in just 11 days.

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