Grayscales BCH, LTC, etc now trust in ETFs one step closer -

On Friday, Grayscale investments, the world's largest asset manager for digital currencies in relation to the managed assets (AUM), announced that three trusts were submitted to Securities and Exchange Commission (SEC) in order to become second rapporteurs. The three trusts include individual crypto-asset products such as the Bitcoin-Cash-Trust, the Litecoin Trust and the Ethereum Classic Trust, which will join three other Grayscale trusts that are already SEC rapporteurs.

greyscale bch , ltc , etc Trusts to join three other products as SEC rapporteurs

investments in greyscale has described in detail that three individual crypto trust pushes their product growth cycle ahead. The company announced on Friday that the Bitcoin Cash Trust (OTCQX: BCHG), Litecoin Trust (OTCQX: LTCN) and the Ethereum Classic Trust (OTCQX: etc.) were registered in a new submission to the SEC. The registration of form 10 will effectively convert the trusts into companies that are subject to SEC, and Grayscale hopes that these trusts will eventually become Exchange Traded Funds (ETFS).

The asset manager for digital currencies said that the “product development pipeline” of the trust was described in a blog post Grayscale, which was published last April. The blog post with the title "Grayscale’s Inentions for A Bitcoin ETF" mainly discusses the company's bitcoin ( btc ) Trust, but the company continues that the company will "ultimately convert every product into a digital currency ETF".

Grayscale, which commanded six crypto trusts with SEC reporting status, is a milestone, according to Craig Salm, Vice President of Legal Operations at Grayscale Investments. "This milestone reflects the continued commitment of Grayscale to offer transparent investment instruments that voluntarily exceed the standard report requirements, meet an increased level of disclosure and are subject to additional official supervision," said Salm in a statement sent to Bitcoin.com News.

"While we are waiting for the official approval for a Bitcoin ETF, we continue to focus on offering investors about the safe, trustworthy product family from Grayscale from Grayscale," he added.

with excitement expected SEC decision on Bitcoin ETF

as a reporting companies are the ltc , bch , and etc Trusts have to submit additional reports and submit more financial reports. The trusts must all rules of US Exchange law (Sea) and file a Form 8-k .

The three trusts that SEC report status previously granted are the Bitcoin Trust of Grayscale, the Ethereum Trust and the Digital Large Cap Fund. Graustufen products are Global Trading, Inc.

At the time of writing, Grayscale Investments also waits for whether the US regulatory authority is waiting for the bitcoin (btc) ETF declaration. In addition, Grayscale is part of a dozen interested parties who try to get the SEC permit for a Bitcoin fund traded.

What do you think that Grayscale announces this? ltc , bch , and etc Trusts become SEC reporting companies and want to be ETFs in the end? Let us know your opinion on this topic in the comments below.

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