Grayscale Ethereum Trust files to become an SEC reporting company amidst the Ethereum bull run.
On August 6, Grayscale Ethereum Trust filed to become an SEC-reporting company.
Amidst the Ether (ETH) bull run, Grayscale Investments voluntarily decided to make its Ethereum Trust an SEC reporting company. The company’s best-known investment product is a Bitcoin Trust that holds around 400,000 Bitcoin (BTC), worth nearly $4,744,800,000 as of press time. Additionally, its Ethereum Trust currently has 1.9 million ETH in its possession, valued at approximately $746 million. As with other Grayscale products, Coinbase is acting as a custodian.