On Tuesday, the company took a significant step in its plans to list and trade shares of an ETF by registering a trust entity in the state of Delaware. This development was confirmed by the state’s Division of Corporations website, indicating progress towards offering ETFs for investors.
Registering a trust entity is a crucial initial move for companies looking to launch ETFs. Major players in the industry, such as Bitwise, Blackrock, and Fidelity, have all followed a similar path by filing trust entities for popular cryptocurrencies like bitcoin (BTC) and Ethereum’s ether (ETH) before proceeding with ETF filings.
By establishing a trust entity, the company sets the foundation for potentially offering ETFs for digital assets in the future. This strategic decision aligns with industry trends and demonstrates a proactive approach to meeting investor demand for innovative investment products.
