Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Cryptocurrency
  • News

Grayscale Ethereum Trust Becomes SEC Reporting Company. How Would ETH Benefit? Details

Tobi Loba October 12, 2020 3 min read
United States investment bank Goldman Sachs Plans to Offer Ethereum (ETH) Derivative Products

According to a report, Grayscale Ethereum Trust has been granted an SEC reporting company status.

In early August 2020, Grayscale investments filed form 10 with the United States Securities and Exchange Commission (SEC) for its Ethereum Trust.


trade now

The filing was meant to make Grayscale Ethereum Trust an SEC reporting firm, which subjected Ethereum Trust to the requirements of Regulation 13 A under the Exchange Act.

The filing reads in part as follows:

“The filing is subject to SEC review; if the Registration Statement becomes effective, it would designate Grayscale Ethereum Trust as the second digital currency investment vehicle to attain the status of a reporting company by the SEC, following Grayscale® Bitcoin Trust as the first.”

Read Also: Grayscale Announces a National Ad Campaign for Bitcoin, Ethereum, XRP, and Others

Grayscale Ethereum Trust Granted SEC Reporting Company Status

In an announcement shared a while ago via the official Twitter handle of Grayscale investments, Grayscale Ethereum Trust has now become an SEC reporting company:

“ANNOUNCEMENT: Grayscale Ethereum Trust has reached another incredible milestone: it is now an SEC reporting company.”

ANNOUNCEMENT: Grayscale #Ethereum Trust has reached another incredible milestone: it is now an SEC reporting company. $ETH pic.twitter.com/jrDvggJCRg

— Grayscale (@Grayscale) October 12, 2020

Elaborately, Michael Sonnenshein, the Managing Director at Grayscale wrote:

“This marks an incredible milestone for the product, my team, and the digital currency industry — ETHE is now the 2nd digital currency investment product to become SEC reporting (following our BTC Trust)”

This Would Benefit Ethereum (ETH)

The fact that Grayscale Ethereum Trust has become an SEC reporting company would serve as a boost to Grayscale’s reputation.

Many institutional investors that are yet to be fully convinced with investing in digital assets would gain the courage to join the success train. At the same time, this would directly benefit the second-largest digital currency by market cap, Ethereum (ETH).

Read Also: Ethereum Miners Accrued All-Time High Fee Revenue of $17 million

At press time, Grayscale Investments has ETH worth $809.8 million under its management. This is expected to increase, considering the latest development.

Also, the latest announcement seems to be favoring Ethereum (ETH) at the moment, as it recently broke above $380 resistance. At the time of filing this report, ETH is trading at $383.86, with a 2.56% price upsurge in the last 24 hours.

Join us on Twitter

Join us on Telegram

Join us on Facebook

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Brad Garlinghouse Clarifies Decisions under Consideration Regarding Ripple’s Future
Next: Cardano: Charles Hoskinson Announces When Goguen Will Be Released

Related Stories

Philippines SEC Seeks More Power Over The Crypto Sector 
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Regulation

Philippines SEC Seeks More Power Over The Crypto Sector 

January 31, 2023
Web3-based Security Provider Hypernative Nets $9M in Seed Funding
3 min read
  • Cryptocurrency
  • News
  • Scam / Hack
  • Technology
  • Web3

Web3-based Security Provider Hypernative Nets $9M in Seed Funding

January 31, 2023
SEC Kickstart Investigation Of Investment Advisers Over Digital Asset Custody Trade Galactica security
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • ETF (Exchange Traded Fund)
  • News
  • Regulation

SEC Kickstart Investigation Of Investment Advisers Over Digital Asset Custody

January 31, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$23,103.00
1.34%
ethereum
Ethereum (ETH)
$1,584.60
1.05%
tether
Tether (USDT)
$1.00
0.08%
usd-coin
USD Coin (USDC)
$1.00
-0.04%
binancecoin
BNB (BNB)
$312.58
1.29%
ripple
XRP (XRP)
$0.404270
3.30%
binance-usd
Binance USD (BUSD)
$1.00
-0.02%
cardano
Cardano (ADA)
$0.387096
4.14%
dogecoin
Dogecoin (DOGE)
$0.094579
4.26%
polkadot
Polkadot (DOT)
$6.24
0.60%

Recent Posts

  • Philippines SEC Seeks More Power Over The Crypto Sector 
  • Web3-based Security Provider Hypernative Nets $9M in Seed Funding
  • SEC Kickstart Investigation Of Investment Advisers Over Digital Asset Custody
  • US Senator Cruz Wants Capitol Vending Machines To Accept BTC 
  • US’ Investors’ Large BTC Accumulations Is A Positive Sign For Cryptocurrency – Matrixport
  • North Korean Hackers Target Crypto Users With Fake Job Offers – Report
  • Kin Foundation Develops a Solana-Based Application Kinetic for Developers
  • Deribit Exchange Considers Moving To Dubai
  • Crypto Mixers Laundered $7.8 Billion In 2022 – Chainalysis Report
  • Charles Hoskinson’s Health Clinic Will Support ADA Payments
  • Celsius Diverted Customer Funds to Settle Withdrawals
  • Bitcoin and Ethereum Prices Drop as Market Prepares for Fed Rate Hikes
  • SEC Commissioner Wants Consistent Legal Framework For All Digital Assets
  • Binance Team Up with MasterCard to Introduce Prepaid Crypto Card in Brazil
  • Norway Emerges Europe’s Largest Crypto Mining Hub

Categories

You may have missed

Philippines SEC Seeks More Power Over The Crypto Sector 
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Regulation

Philippines SEC Seeks More Power Over The Crypto Sector 

January 31, 2023
Web3-based Security Provider Hypernative Nets $9M in Seed Funding
3 min read
  • Cryptocurrency
  • News
  • Scam / Hack
  • Technology
  • Web3

Web3-based Security Provider Hypernative Nets $9M in Seed Funding

January 31, 2023
SEC Kickstart Investigation Of Investment Advisers Over Digital Asset Custody Trade Galactica security
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • ETF (Exchange Traded Fund)
  • News
  • Regulation

SEC Kickstart Investigation Of Investment Advisers Over Digital Asset Custody

January 31, 2023
US Senator Cruz Wants Capitol Vending Machines To Accept BTC 
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Crypto Trading
  • Cryptocurrency
  • News
  • Regulation
  • Stablecoin

US Senator Cruz Wants Capitol Vending Machines To Accept BTC 

January 31, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%