27 institutional investors purchased shares in the bitcoin trust (GBTC) of Grayscale Investments. Information about this is contained in reports for the us securities and exchange Commission (SEC), according to Forbes.

The presented data indicates the emergence of new participants in the crypto space. Along with already well-known mutual funds like Ark Invest with $4.5 billion in assets under management and Horizon Kinetic with $5.3 billion, companies like Addison Capital and Corriente Advisor were on the list.

According to the publication, the vast majority of institutions that have submitted reports on form 13F may soon no longer have to do so. The regulator plans to raise the threshold for assets subject to notification from $100 million to $3.5 billion.

Of the 27 funds listed, only nine, managed by three companies, have exceeded this level so far. The planned changes mean that information about other major GBTC investors may not be available.

Recall that this week Grayscale Investments filed an application with the SEC to register its Ethereum trust. Previously, this status was granted to GBTC.

The company has committed to filing quarterly and annual 10-K reports on GBTC for the SEC. This is expected to increase investors ' confidence in the product, which will adopt a familiar structure for them. Grayscale announced similar plans for eight other investment products linked to other altcoins.
"Our model works. It motivates our team to adhere to even higher standards of business management and act as a reference point for other management companies, " said Grayscale managing Director Michael Sonnenschein.

The total amount of assets under Grayscale's management is currently $5.7 billion.

The most popular is GBTC, whose share in the company's portfolio exceeds 80% ($4.69 billion). Grayscale Ethereum Trust is the second most popular among investors.