Stamford’s Grayscale Investments rolls out Grayscale Funds Trust

Grayscale Investments, a Stamford-based digital currency asset manager, announced the formation of Grayscale Funds Trust, a Delaware statutory trust structure that will allow Grayscale to independently manage its 1940 Act products as the firm continues to build out its exchange-traded fund (ETF) franchise.

In conjunction with the creation of Grayscale Funds Trust, Grayscale filed a Registration Statement on Form N-1A with the U.S. Securities and Exchange Commission for Grayscale Ethereum Futures ETF, Grayscale Global Bitcoin Composite ETF, and Grayscale Privacy ETF, each a series of Grayscale Funds Trust. Grayscale previously formed Grayscale Advisors, LLC, a SEC-registered investment advisor, which will serve as investment advisor to the ETFs issued by Grayscale Funds Trust.

“The creation of Grayscale Funds Trust reflects our dedication to scaling Grayscale”™s business responsibly,” said CEO Michael Sonnenshein. “We are putting the necessary foundations in place so Grayscale can continue creating and managing regulated, future-forward products.”

“It has been incredibly exciting to build our ETF franchise ”“ hiring a dedicated team, expanding our partnerships, and enhancing our position within the ETF ecosystem,” added Grayscale Global Head of ETFs David LaValle. “We are proud to have launched our first products in the U.S. and Europe in 2022, and today”™s filing demonstrates our continued commitment to offering investors innovative ways to access the digital economy and transformative technologies using a familiar, trusted, regulated investment vehicle: the ETF.”