In a sign of dedication to its efforts to launch a spot Bitcoin Exchange Traded Fund (ETF) in the US, Grayscale Investments is trying a new approach.
The digital asset manager, currently the world’s largest, announced on Wednesday the formation of a new trust, Grayscale Funds Trust.
The new Delaware statutory trust structure will allow Grayscale to independently manage its 1940 Act products as the firm continues to expand its ETF business, the company said….
Read More: Grayscale Seeks ETF Expansion Amid Ongoing Legal Battle over Spot Bitcoin Fund