Leading digital asset manager Grayscale’s Bitcoin Cash, Litecoin and Ethereum Classic funds will now report to the SEC.
According to the news shared by Forbes, the Bitcoin Cash Trust, Litecoin Trust and Ethereum Classic Trust products of Grayscale Investments, which has approximately $ 50 million in crypto assets under its management, have become companies reporting to the US Securities and Exchange Commission (SEC).
The company’s CEO, Michael Sonnenshein, spoke about the move and noted that investors wanted it. Sonnenshein also said that turning the funds into companies that report to the SEC will lead to a wider flow of investors.
With the move, the lock-in period for shares will decrease from one year to six months and it will be easier to convert into an ETF.
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