Three new crypto-focused exchange-traded funds (ETFs) have been put ahead for approval by cryptocurrency asset supervisor Grayscale Investments, which additionally introduced a brand new entity to handle its rising funds.

On Could 9, Grayscale mentioned it launched a brand new arm of its enterprise — the Grayscale Funds Belief — permitting it to handle lots of its publicly traded monetary merchandise in-house.

Along with the brand new belief, Grayscale revealed it filed a registration assertion with the USA Securities and Change Fee for 3 new crypto-focused ETFs, regardless of earlier roadblocks from the regulator over crypto-related ETFs.

The brand new funds are an Ethereum Futures ETF, a International Bitcoin Composite ETF and a Privateness ETF.

The International Bitcoin Composite ETF would spend money on exchange-traded merchandise which are associated to or backed by Bitcoin (BTC), together with Bitcoin mining corporations.

Equally, the Ethereum futures ETF would permit an oblique publicity to the potential future worth of Ether (ETH) by means of shares that monitor ETH’s worth.

The Grayscale Privateness ETF would spend money on corporations engaged on blockchain-based privateness expertise, the submitting explains.

Till the registration assertion regarding Grayscale Funds Belief is authorized by the SEC, not one of the three ETFs shall be obtainable for public buy.

The announcement comes as Grayscale continues to be entangled in an ongoing battle with the SEC over changing its $17 billion Grayscale Bitcoin Belief (GBTC) right into a spot Bitcoin ETF product.

Associated: GBTC approval may return a ‘couple billion {dollars}’ to buyers: Grayscale CEO

On Jan. 13, Grayscale sued the regulator for denying its utility, arguing the SEC acted indiscriminately in treating crypto spot traded exchange-traded merchandise otherwise from futures merchandise.

“There’s a 99.9% correlation between costs within the Bitcoin futures market and the spot Bitcoin market,” Grayscale said in its temporary in opposition to the SEC.

Whereas the SEC has authorized quite a few Bitcoin Futures ETFs — which expose consumers to the potential future worth of BTC — it has up to now rejected each utility for a spot Bitcoin funding product, citing considerations about exposing buyers to potential fraud and market manipulation.

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