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Grayscale Registers Its Second SEC, Ethereum Trust
Summary: Grayscale Ethereum Trust, an Ethereum investment platform run by cryptocurrency asset manager Grayscale Investments, is now registered as an SEC reporting company under the Securities Exchange Act, according to a press release from Grayscale today. The platform's new status comes after the registration form filed on October 2. Following the Grayscale Bitcoin Trust's registration as ...
Grayscale Ethereum Trust, an Ethereum investment platform run by cryptocurrency asset manager Grayscale Investments, is now registered as an SEC reporting company under the Securities Exchange Act, according to a press release from Grayscale today. The platform's new status comes after the registration form filed on October 2. Following the Grayscale Bitcoin Trust's registration as an SEC on January 21 of this year, the Ethereum Trust is the second of Grayscale's platforms to earn SEC status.
Notably, becoming an SEC reduces the statutory holding period of shares purchased through private placement from 12 months to 6 months, creating an earlier liquidity opportunity for accredited investors on the platform.
By Isaac Goluboff
Tags: Ethereum,Grayscale,Grayscale Bitcoin Trust,Grayscale Ethereum Trust,SEC
Link: Grayscale Registers Its Second SEC, Ethereum Trust [Copy]
