Grayscale Investments’ Ethereum Trust’ recently today on Monday became an SEC [Securities and Exchange Commission] reporting firm, a move that increases the trust’s transparency as well as potentially its liquidity.
The Ethereum Trust will begin regularly disclosing what proportion of money it is flowing via its passive Ethereum [ETH] investment vehicle, consistent with SEC filings.
Accredited investors who hold the trust are going to be able to sell after only a 6-month lockup rather than the standard 12.
While explaining further, Grayscale’ managing director, Michael Sonnenshein added:
“We’re seeing interest from investors who became more comfortable with virtual currencies via bitcoin exposure, and are now watching how else they can diversify within the asset class.”
The trust is Grayscale’s 2nd digital vehicle with shares registered under the Exchange Act of 1934 after its Bitcoin Trust became effective as a reporting firm earlier in the month of January.