The Assets Manager focused on the Grayscale cryptography opted for a value of $ 150 million in inher after introducing battery for its products quoted in the stock market (ETP) on Monday.
The asset management company bet 32,000 Ether (ETH) worth $ 150 million, according to the Blockchain Lookonchain data platform.
The transfer occurred a day after Grayscale introduced Stack for his ETPs, which makes him the first EE Founder Founder issuer. UU. To support passive income based on his funds.
The measure allows the ETP of Grayscale and its shareholders to start obtaining passive income through the strike rewards at $ 150 million. These strike rewards will be treated as “fund assets”, according to the ETP strike policy of the gray scale.
Deduce the sponsor and custodian rates, the funds in the fund will gain up to 77% of the total strike rewards generated with Ethereum Trust of Grayscale and around 94% with the Ethereum Mini Trust, based on fairy structures disclosed in the fillers of the SEC.
BoScale Ethereum Trust ETF (ETHE) and GRAYSCALAL ETHEREUM MINI TRUST ETF (ETH) ARE EXCHANGE-TRADED PRODUCTS REGISTORRED UND For traditional for traditional for traditional for traditional for traditional for traditional for traditional for traditional for traditional for traditional for traditional for traditional for commercial trade for commercial trade for commercials.
This makes the ETPs structurally different from the ETFs governed by the 1940 law.
At least two additional funds enabled for Ether Strike are expected to receive a response from the United States Stock Exchange and Securities Commission (SEC) in October.
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SEC faces deadlines in 16 Altcoin ETPS in October
October is emerging as a promising month for cryptography, with 16 requests for Crypto ETP on the SEC calendar for the month.
Of the 16, at least two cryptographic strike funds are waiting for a decision ceiling in the month, including the presentation of Eceereum ETF strike (TETH) of 21Shares, the presentation of the ETF strike (TETH) scheduled for October 23 and the amendment Ishares Ethereum Trust (Etha) of Blackrock.
The 21Shares Ether Fund is registered under the 1933 Securities Law, which makes it an ETP, similar to the Grayscale ETH and ETPs.
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Meanwhile, the ETF of Rex-Osprey Solana Strike was launched in July, as the first ETF of Solana (Sol) Strike under the 1940 investment companies, which allows Crypto ETF to maintain most of its stained assets watching rewards where.
The Solana de Grayscale Fund, the Grayscale Solana Trust (GSOL), has also allowed the strike and is waiting for a regulatory approach to the list ascending to an ETP.
However, the closing of the current government can slow down the regulatory response to Crypto ETP requests, since the SEC Sec is to operate “in modified conditions” with an “extremely limited number of personnel” until a financing bill is approved.
Without a clear resolution in sight, the Senate is ready to reconcile with the Financing Bill later on Tuesday, after the Republicans and Democrats did not agree for the fifth time on Monday.
The closure of the government has also increased the appetite of investors by cryptocurrency funds and decentralized assets, driven by the growing uncertainty.
Crypto ETPS saw its highest supplies last week after the closure of the government, registering accumulated investments worth $ 5.95 billion, Cointelegraph reported Monday.
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