Grayscale Investments, a cryptocurrency asset management company, announced that it has submitted an application for registration to the U.S. Securities and Exchange Commission (SEC). If it is deemed valid after review, Grayscale’s Ethereum Trust will be the first to receive the excluding Grayscale Bitcoin Trust. A digital currency investment tool for declaring company status. Grayscale emphasized that the voluntary application should not classify the trust as an exchange-traded fund (ETF), although both have similar structures for investors because they are both popular investment products. Grayscale revealed that if the application is approved, these changes will occur: 1. The trust will be the first digital currency investment tool to obtain the status of a declared company by the SEC; 2. Qualified investors who have previously purchased the product through private placement, The legal holding period has the opportunity to be reduced by 6 to 12 months, which means that liquidity can be obtained in advance; 3. Since many institutional investors do not invest in investment products that have not yet been registered with the SEC, more institutional investors may consider using this Products; 4. Will submit quarterly and annual reports in accordance with the relevant SEC standards. Chain Wen previously reported that in January this year, Grayscale Bitcoin Trust became the first digital asset tool that met the standards of the US Securities and Exchange Commission.