Ethereum

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<ul>
 <li>Grayscale’s Craig Salm advocates for Ethereum ETF approval amid regulatory scrutiny.</li>
 <li>Salm highlights SEC engagement parallels between Ethereum and Bitcoin ETFs.</li>
 <li>Grayscale emphasizes investor access and regulatory compliance for Ethereum ETFs.</li>
</ul>
<p>Craig Salm, Chief Legal Officer at <a href="https://www.grayscale.com/" target="_blank" rel="noopener noreferrer nofollow">Grayscale</a>, voices support for spot Ethereum Exchange-Traded Funds (ETFs), emphasizing the parallels between Ethereum and Bitcoin ETF approval processes.</p>
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   <p lang="en" dir="ltr">Our Chief Legal Officer <a href="https://twitter.com/CraigSalm?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CraigSalm</a> explains why we believe the case for spot <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> ETFs is just as strong as it was for spot <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> ETFs: <a href="https://t.co/22x6nOPpWn" rel="noopener noreferrer nofollow">https://t.co/22x6nOPpWn</a></p>— Grayscale (@Grayscale) <a href="https://twitter.com/Grayscale/status/1772372615883276635?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 25, 2024</a>
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<p>Despite concerns about the Securities and Exchange Commission’s (SEC) engagement, Salm remains optimistic about the prospects for <a href="https://cryptonewsland.com/the-secs-calculated-wait-unpacking-the-extension-on-grayscales-ethereum-etf-application/" target="_blank" rel="noopener noreferrer nofollow">Ethereum ETFs</a>. Salm addresses recent discussions surrounding Ethereum ETFs, expressing confidence in their potential approval and highlighting the importance of regulatory engagement.</p>
<p>Drawing from the experience with <a href="https://cryptonewsland.com/blackrocks-bitcoin-etf-hits-10-billion-in-record-time/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ETF approval</a>, Salm notes positive interactions with the <a href="https://www.sec.gov/" target="_blank" rel="noopener noreferrer nofollow">SEC</a>, where detailed discussions resolved various operational aspects. He asserts that similar considerations apply to Ethereum ETFs.</p>
<p>Salm underscores the similarities between Bitcoin and Ethereum ETF structures, emphasizing that regulatory concerns have largely been addressed in previous engagements.</p>
<p>While acknowledging the uncertainty leading up to final approval dates, Salm remains optimistic, suggesting that a perceived lack of regulatory engagement shouldn’t dictate outcomes.</p>
<p>Salm echoes sentiments from industry experts, advocating for Ethereum ETF approval based on consistency with ETH futures ETFs and the classification of Ethereum futures as commodity futures.</p>
<p>Lastly, Grayscale reaffirms its commitment to Ethereum ETFs, asserting investor demand for diversified exposure. Salm expresses readiness to engage with regulatory authorities to facilitate the approval process.</p>
<p>In response to queries about recent controversies such as ETHGate and concerns about fees, Grayscale maintains its focus on regulatory compliance and investor interests, signaling a commitment to navigating regulatory challenges while prioritizing transparency and accessibility for investors.</p>
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<p>The post <a href="https://cryptonewsland.com/grayscale-advocates-for-ethereum-etf-approval-amidst-regulatory-scrutiny/" rel="noopener noreferrer nofollow">Grayscale Advocates for Ethereum ETF Approval Amidst Regulatory Scrutiny</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Grayscale Advocates for Ethereum ETF Approval Amidst Regulatory Scrutiny

Crypto News Land

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