In-update ng Grayscale ang SEC application para sa Ethereum ETF
Ethereum In-update ng Grayscale ang SEC application para sa Ethereum ETF Grayscale Investments has updated its application with the United States Securities and Exchange Commission (SEC) for a spot Ethereum ETF. The firms chief legal officer, Craig Salm, shared the news on X, emphasizing the amendment to Form 19b-4 for the Grayscale Ethereum ETF. This development marks another significant effort by Grayscale to transition its Grayscale Ethereum Trust (ETHE) to NYSE Arca, aiming to provide investors with direct access to Ethereum through a spot ETF. Grayscale‘s pursuit to offer a spot in Ethereum ETF reflects a broader industry effort to bridge investors with cryptocurrencies in regulated formats. The firm collaborated with NYSE Arca in October, proposing to the SEC to convert its ETHE into a spot Ethereum ETF. Despite achieving success with a spot Bitcoin ETF following judicial intervention, Grayscale’s Ethereum ETF initiative faced delays. The SEC extended the initial decision deadline beyond November 17, 2023, citing the need for further review, with subsequent postponements extending the scrutiny period. Regulatory hurdles and investor demand The SEC‘s extended evaluation timeline for Grayscale’s Ethereum ETF proposal, now including another delay until January 25, aligns with a cautious approach adopted by regulators towards cryptocurrency-related products. This prudence reflects







