Ethereum

Spot

James

Grayscale has submitted an updated 19b-4 form for its <a href="https://coingape.com/grayscale-ceo-says-spot-ethereum-etf-still-on-the-cards/">Ethereum Mini Trust,</a> marking a critical step towards launching a spot Ethereum ETF. Bloomberg ETF analyst James Seyffart shared this update on X, highlighting the growing momentum in the cryptocurrency ETF space. The move indicates Grayscale’s strategic efforts to expand its product offerings and cater to the increasing demand for digital asset investment vehicles. 
<img decoding="async" class="aligncenter size-full wp-image-198002" src="https://coingape.com/wp-content/uploads/2024/05/GOG7OOQXsAEcoI5.-Grayscale.jpeg" alt="" width="738" height="900" srcset="https://coingape.com/wp-content/uploads/2024/05/GOG7OOQXsAEcoI5.-Grayscale.jpeg 738w, https://coingape.com/wp-content/uploads/2024/05/GOG7OOQXsAEcoI5.-Grayscale-246x300.jpeg 246w, https://coingape.com/wp-content/uploads/2024/05/GOG7OOQXsAEcoI5.-Grayscale-150x183.jpeg 150w" sizes="(max-width: 738px) 100vw, 738px"> 
<h2 id="strong-grayscale-updates-filing-for-ethereum-etf-strong">Grayscale Updates Filing for Ethereum ETF</h2> 
This filing is part of a broader trend, with several similar submissions expected to occur. It reflects the industry’s push for regulatory approval of spot ether ETFs. If approved, <a href="https://coingape.com/bitcoin-etf-inflows-at-7-times-daily-supply-gbtc-inflows-continue/">Grayscale</a>‘s Ethereum Mini Trust would provide investors with direct exposure to Ethereum, enhancing accessibility and potentially driving further adoption of the cryptocurrency. 
Recently, the Securities and Exchange Commission (SEC) directed exchanges such as the Nasdaq and<a href="https://coingape.com/sec-sets-deadline-for-ether-etf-filings-edit-approval-ahead/"> Chicago Board Options Exchange</a> (CBOE) to improve their filings. This positive move by the regulatory watchdog has boosted investors’ optimism. The SEC has issued a deadline for issuers and exchanges to update their filings, prompting widespread discussion around the fate of staking and the level of engagement on S-1s. 
<a href="https://coingape.com/breaking-fidelity-slashes-staking-for-ethereum-etf-in-latest-s-1-amendment/">Fidelity</a> has also amended its S-1 application to the SEC. The updated application clarifies that the ETF’s underlying Ether (ETH) tokens will not be staked. This move addresses concerns related to the security and regulatory implications of staking activities. The S-1 filing is a mandatory registration document required by the SEC for launching publicly traded securities in the U.S. This ensures transparency and compliance with federal regulations. 
<h2 id="strong-ether-etf-filing-updates-boost-eth-price-strong">Ether ETF Filing Updates Boost ETH Price</h2> 
This amendment follows recent reports indicating that the SEC may have reversed its stance on spot Ethereum ETFs. Allegedly, political pressures have influenced the SEC’s approach. The agency has hence led to requests for issuers to revise their 19b-4 filings, which detail the operational and procedural aspects of the proposed ETFs. 
The recent news and the rise of Ethereum ETF approval have propelled <a href="https://coingape.com/price/ethereum/#:~:text=Live%20Price%20of%20Ethereum%20(ETH,market%20cap%20stands%20at%20%24442%2C249%2C137%2C586.">ETH price</a>. As of press time, ETH is trading at $3,796, recording a price increase of over 21% in the last 24 hours. The bulls have established price highs and lows of $3,831 and $3,112. Ethereum trading volume has also increased significantly by 331%, indicating that the current bullish sentiment might continue in the ETH market in the hours ahead. The general cryptocurrency market cap recorded a 7.29% increase in the last day. 
Read Also: <a href="https://coingape.com/raoul-pal-on-ethereum-price-etf-to-create-a-banana-zone-squared/">Raoul Pal On Ethereum Price: ETF To Create a ‘Banana Zone Squared’</a> 
The post <a href="https://coingape.com/breaking-grayscale-files-updated-19b-4-for-spot-ethereum-etf/">Breaking: Grayscale Files Updated 19b-4 for Spot Ethereum ETF</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Breaking: Grayscale Files Updated 19b-4 for Spot Ethereum ETF

Table of Contents

Coingape News Media

Other articles published on May 21, 2024

President Biden Blocked Chinese Crypto Mining Firm, Citing National Security Risks

SEC Files Reply to Ripple’s Latest Motion: Details

Solana Price Marches Toward $200, Why SOL Turned Attractive On Dips

Major Announcement: Bitgert Coin’s Price to Skyrocket by Over 600% – The Ultimate Crypto Opportunity

SEC Move Increase ETH ETF Approval Odds As Big Whales Ditch Bitcoin for Ethereum

Investors Trust Shiba Inu and Dogecoin

Join our free newsletter for daily crypto updates!