Grayscale Investments, the world’s largest digital currency asset manager, has announced the creation of Grayscale Funds Trust, a Delaware statutory trust structure that will enable it to independently manage its 1940 Act products and build out its exchange-traded fund (ETF) franchise. The company also filed a registration statement for Grayscale Ethereum Futures ETF, Grayscale Global Bitcoin Composite ETF, and Grayscale Privacy ETF, each a series of Grayscale Funds Trust, with the Securities and Exchange Commission. The fund will not invest directly in digital assets but may offer indirect exposure to them through investments in companies and ETPs that use digital assets or hold them as investments. The ETFs will invest at least 80% of their net assets in the securities that comprise their respective indices and will be reconstituted and rebalanced on a quarterly basis.