They join three other trusts that will be regulated in a similar way to companies with share listings.
Three of Grayscale Investments’ trusts have become companies with U.S. Securities and Exchange Commission (SEC) reporting obligations, Forbes reported Friday.
- The Grayscale Bitcoin Cash Trust, Ethereum Classic Trust and Litecoin Trust are now required to provide the SEC with financial statements and meet the requirements of the 1934 Securities Act.
- They join Grayscale’s Bitcoin, Ethereum and Digital Large Cap Fund trusts in taking on those obligations.
- All six are now regulated in a similar way to regular companies with publicly traded shares, Forbes said.
- Registration requires the trusts to file audited financial statements with the SEC. It also reduces the minimum holding period for trust shares to six months from 12.
- With more than $44 billion of assets under management as the beginning of September, Grayscale is the world’s largest digital assets manager. It is owned by Digital Currency Group, the parent of Reacon.