Ethereum

<ul><li>Grayscale takes a significant step by filing an amendment with the SEC, aiming to list its Ethereum Trust on NYSE Arca</li><li>With the proposed rule change, Grayscale seeks to provide investors regulated access to Ethereum.</li><li>The outcome of the SEC&#39;s review of Grayscale&#39;s amended Ethereum Trust filing may influence the future of crypto assets.</li></ul>In a move signaling progress within the cryptocurrency investment landscape, Grayscale has advanced in its quest to enhance its Ethereum Trust. The trust&#39;s amended filing with the U.S. Securities and Exchange Commission (SEC) marks a pivotal step in its potential evolution, aiming to initiate trading on the NYSE Arca.<a href="https://cryptotale.org/?s&#61;Grayscale%27s" rel="noopener noreferrer nofollow">Grayscale&#39;s</a> Chief Legal Officer, Craig Salm, highlighted the initiative to upgrade the Grayscale Ethereum Trust, citing a strong investor demand for an Ethereum-based exchange-traded fund (ETF). This demand parallels the enthusiasm previously witnessed for Bitcoin ETFs. Grayscale&#39;s submission of the revised rule change to the SEC underlines the company&#39;s commitment to providing investors with regulated access to cryptocurrency assets.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/401c87f231c04abb833b6c112448d0d0.png" />The proposed rule change submitted by NYSE Arca, under Section 19(b)(1) of the Securities Exchange Act of 1934 and Rule 19b-4, suggests listing and trading shares of the Grayscale Ethereum Trust under NYSE Arca Rule 8.201-E. Notably, the amendment seeks to replace the original filing and, if accepted, could pave the way for the trust to be traded much like traditional stocks, providing a new avenue for investment in Ethereum.<a href="https://cryptotale.org/grayscale-takes-step-toward-ethereum-trust-upgrade-report/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Grayscale Takes Step Toward Ethereum Trust Upgrade: Report

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