Digital asset management firm Grayscale Investments has made its Ethereum Trust an SEC reporting company, according to a press release made on October 2.
- Grayscale’s Ethereum Trust is the firm’s second trust to be an SEC reporting company, the first being its Bitcoin Trust, which did so in January 2020
- The shares under the trust have been registered under the Exchange Act of 1934
- The firm applied for its Ethereum Trust to become an SEC-reporting company in early August 2020, making it more attractive to institutional investors
- As a result of the filing, the Grayscale Ethereum Trust will submit quarterly and annual reports
- Additionally, accredited investors who hold or buy shares from the Trust’s private placement will have an earlier liquidity opportunity, as the mandatory holding period is reduced from 12 to 6 months
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