3 Crypto Funds: Grayscale's ETF Expansion
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3 Crypto Funds: Grayscale's ETF Expansion

written by John Murphy | May 10, 2023

According to recent news, the new funds would make investments in a variety of various crypto-related assets, such as privacy-related technologies and Bitcoin miners. It’s all because of Grayscale’s ETF Expansion.

Grayscale Investments, a cryptocurrency asset manager, has approved three new cryptocurrency-focused exchange-traded funds (ETFs). Additionally, it unveils the latest organization to manage it’s expanding assets.

Keys Takeaways:

  • Grayscale Investments has proposed three new cryptocurrency-related exchange-traded funds ETFs for approval.
  • The new exchange-traded funds are a Privacy ETF, Ethereum Features ETF and a Global Bitcoin Composite ETF.
  • Grayscale launched Grayscale Front Trust on 9 May.
  • Grayscale Investment remains involved in the legal dispute with the SEC.
  • There is a 99.9% correlation between the future and spot Bitcoin market prices.

Grayscale announced the initiation of a new business division named Grayscale Front Trust on 9 May. This division allows it to manage several local publicly traded financial products. 

Grayscale’s ETF Expansion

The Grayscale unveils the registration of three new crypto-related ETFs with the U.S. Securities and Exchange Commission besides a new trust. Grayscale filed this registration after opposition from the authorities about crypto-focused ETFs.

The new exchange-traded funds are;

  • A privacy ETF,
  • Ethereum Features ETF and
  • A global Bitcoin composite ETF.

By sharing the way that tracks the price of Ethereum, the Ethereum future ETF made feasible an indirect exposure to the Ether’s potential future value.

The ETF Grayscale Privacy would make investments in firms that are working in privacy-based crypto technologies. None of the three ETFs will be accessible for public trading until the SEC approves the registration statement regarding Grayscale Fund Trust.

Grayscale's ETF Expansion
Source: boxmining

According to the announcement, Grayscale remains involved in a legal dispute with SEC. This conflict aims over the Conversion of Grayscale Bitcoin Trust worth $17 Billion to Spot Bitcoin ETF Product. 

Over the rejection of its application, Grayscale filed a lawsuit against the authorities on 13 Jan. The Grayscale claimed that SEC behaved unlawfully by treating crypto exchange-traded products with spot market products differently from the future items.

Against this Securities and Exchange Communication, Grayscale made a statement. Grayscale said a 99.9% correlation exists between the future and spot Bitcoin market prices.

The SEC denied every application for a spot Bitcoin investment product application while authorizing several Bitcoin Futures ETFs. SEC cited the reason behind the rejection as investors’ exposure to the potential of market and fraud manipulation.

Crypto Community Reaction to Grayscale’s ETF Expansion

Crypto Backing took to Twitter and made an announcement that in addition to launching a Funds Trust, Grayscale Investments has asked the SEC for authorization to introduce three additional crypto-focused ETFs.

Tazow-$TZW took to Twitter and announced that Grayscale would grow its ETF business and launch three new cryptocurrency ETFs.

Stock Market News took to Twitter and announced that the bitcoin asset manager had proposed three new exchange-traded funds (ETFs) focusing on cryptocurrencies for approval.

Do You Know? 

  • Grayscale recently expanded its cryptocurrency fund offering to include Ethereum, Litecoin, and Bitcoin Cash.
  • The new funds, called Grayscale Ethereum Trust, Grayscale Litecoin Trust, and Grayscale Bitcoin Cash Trust, are the first of their kind to be publicly traded.
  • These funds are managed by Grayscale Investments, a subsidiary of the Digital Currency Group, which is a leading investor in digital currency-focused companies.
  • Grayscale’s funds give investors the ability to gain exposure to digital currency investments without the need to purchase and store the coins themselves.
  • Grayscale’s expansion of its crypto funds is a testament to the growing interest in digital currencies and the increasing demand for alternative investments.


Grayscale Investment proposed 3 crypto-related exchange-traded funds (ETFs) to manage it’s expanding assets. None of these three ETFs will be accessible for public trading until the approval of the SEC.