The largest crypto fund management company Grayscale Investments continues to expand the list of offers to clients, despite the obstacles of officials.
Three new exchange-traded funds are to be launched in the near future.
Grayscale has created a new division called Grayscale Funds Trust to manage the new products.
ETF Global Bitcoin Composite will invest in exchange-traded products that are linked to or backed by bitcoin. Including securities of mining companies.
Ethereum Futures ETF is going to invest in ether-related products. And the Grayscale Privacy ETF wants to invest in companies in the blockchain industry.
“We are pleased to announce the launch of the Grayscale Funds Trust.
It will be a trust structure under Delaware jurisdiction that will expand our capabilities as a global asset management company,” the company said in a statement.
The U.S. Securities and Exchange Commission (SEC) has not yet approved any cryptocurrency exchange-traded funds (ETFs).
Grayscale has applied for registration of Ethereum Futures ETF, Global Bitcoin Composite ETF and Privacy ETF, but it is far from certain that the regulator will approve the launch.
Therefore, they will not be available to the general public until the SEC approves them.
Earlier, Michael Sonnenshein, head of Grayscale Investments, said that the SEC does not approve cryptocurrency ETFs simply because it cannot effectively regulate such products.