Is the grayscale Fund an Sec reporting company a step closer to the bitcoin ETF?

The grayscale digital asset manager announced a major milestone, becoming the U.S. Securities and Exchange Commission (SEC) reporting company. Many in the crypto industry celebrate this success and reflect on the impact the company has on bitcoin and other cryptocurrencies that exist in its products.

Grayscale applied for registration on Form 10 for the large scale Grayscale digital fund (GDLC). The commission approved the form and it was put into service. Although the company has two products that report to the SEC, bitcoin grayscale Trust (GBTC) and ethereum grayscale trust (ETHE), GDLC

( … The first diversified digital currency mutual fund for the SEC reporting company, the shares were declared in Section 12 (g) of the Securities Act of 1934, in grayscale in a press release.

The company has filed October applications for additional registration for Form 10 with the U.S. regulatory agency. The following products received SEC approval: Grayscale bitcoin cash trust, grayscale Ethereum Classic trust, grayscale Lightcoins trust.

Craig Salm, vice president of legal affairs at graysdale Investments, said the company had a higher level of transparency to meet its customers ‘ standards. He added:

Developments such as the fund, which has become the third company to report to the SEC, and October 10’s additional filings suggest investors are interested in accessing the growing digital currency ecosystem within the current regulatory framework, and regulators will continue to engage with market participants in the asset class.

Grayscale fits roadmap to revive Bitcoin and crypto ETFs
As part of its new status at the SEC, the grayscale Digital big Cap app will report on Forms 10-Qs, 8-K and 10-Ks. Early investors in GDLC will benefit from early liquidity as a result of the reduction of the statutory service period from 12 months to 6 months.

Gdlc consists of cryptographic

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