Grayscale Etheruem Trust to start reporting to SEC

News • 2020/10/17 • by

Grayscale becomes the second investment company to be summoned by the U.S SEC to register Form 10, making it an official SEC reporting firm.

It has been made public that the Form 10 details Grayscale Investments submitted have taken effect. The meaning of this update is that Ethereun trust will be part of the SEC reporting company.

Major updates:

Grayscale become the pioneering investment brand under the SEC since the filing came into place on the 21st of January.
From now on, Grayscale will file any financial report (both quarterly and annually) with the body on Form 10-Qs, 10-Ks.
The new update doesn’t make automatically make them an exchange-traded fund.
The essence of the share of trust is to make things (e.g., investment exposure) easier for investors.

It can be deduced from their statement that they are still in the progressive stage of meeting their investment objective. On the other hand, the OCTQX quote share is not a reflection of Grayscale ETH in hand.

What do you make of this development by Grayscale? Let’s discuss in the comment section.

Source: Bitcoin.com.

Comments (3)

Guest

visiblemoney

6 years ago

If Grayscale becomes officially endorsed by US SEC in my opinion it will boost crypto public transparency index for investment even as the agency becomes the watchdog over nefarious activities of scammers and other illegal crypto investment operations like Ponzi schemes. It is just the beginning of crypto adoption as legit investment asset starting possibility with Ethereum. It will go a long way to make more crypto asset find their listings on NYSE when Grayscale demonstrates sufficient competence in the business of financial reporting as expected on them periodically.

godgrace1

6 years ago

The US SEC is trying to make all decentralized exchanges work under them which i feel is wrong

lilianchiamaka

6 years ago

Being the second digital currency investment vehicle to attain the status of SEC reporting company following Grayscale Bitcoin Trust is actually a good development as it offers the advantage of making investment exposure easier for investors, enabling investors to gain exposure to ETH in the form of a security while avoiding the challenges of buying, storing and safekeeping ETH directly. And as a part of SEC reporting firm they have been officially endorsed by SEC as a regulatory body of crypto Coin investment with the mandate of ensuring orderly and equitable dealings in securities and protecting investors, maintain fair, orderly and efficient securities transactions.