Cryptocurrency asset manager Grayscale Investments announced the launch of The Grayscale Funds Trust. These are an Ethereum Futures ETF, a Global Bitcoin Composite ETF, and a Privacy ETF. ADVERTISEMENTThe Grayscale Privacy ETF, on the other hand, would invest in companies working on blockchain-based privacy technology. The announcement by Grayscale comes as the firm is still embroiled in an ongoing conflict with the SEC over converting its $17 billion Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF product. Amid the broader market downturn, Grayscale’s flagship product Grayscale Bitcoin Trust (GBTC), which tracks BTC prices, hit a record discount of 47.35% to net asset value on February 13.
