Ethereum

Spot

Grayscale, the world's largest cryptocurrency asset manager, has taken an important step towards updating its Ethereum Trust (ETHE) to be traded on the New York Stock Exchange Arca.
The firm's Chief Legal Officer, Craig Salm, announced that Grayscale has filed its revised 19b-4 filing with the U.S. Securities and Exchange Commission (SEC).
Salm noted that investors are eager to access Ethereum in the form of a spot Ethereum ETF, similar to the demand for spot Bitcoin ETFs.
In response to Grayscale's move, ETFStore President Nate Geraci said, “They have amended their 19b-4 filing to list the Grayscale Ether Trust (i.e. spot Ethereum ETF)… So prospective ETF companies are clearly not throwing in the towel on this.” He also suggested that it could pave the way for another regulatory pathway, similar to what Grayscale has done with spot Bitcoin ETFs.
Related News: <a href="https://en.bitcoinsistemi.com/a-user-burned-1-36-million-usdt-by-accidentally-sending-it-to-the-contract-address-heres-what-happened-after/" target="_blank" rel="noopener noreferrer nofollow">A User Burned $1.36 Million USDT by Accidentally Sending it to the Contract Address: Here's What Happened After</a>
Bitcoin Spot ETFs were approved thanks to a court case filed after Grayscale wanted to convert its GBTC product from a trust to an ETF and was rejected by the SEC. The SEC is expected to approve Ethereum Spot ETFs to avoid a similar situation. However, the chances of approval in May have weakened according to analysts.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/grayscale-makes-new-move-that-could-corner-the-sec-on-ethereum-spot-etfs/" rel="noopener noreferrer nofollow">Grayscale Makes New Move That Could Corner the SEC on Ethereum Spot ETFs</a>

Grayscale Makes New Move That Could Corner the SEC on Ethereum Spot ETFs

Bitcoin Sistemi EN

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