Grayscale Investments and NYSE Arca have today filed to convert Grayscale Ethereum trust to a spot ether ETF.
Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank ChaparroGrayscale and NYSE Arca have filed to convert the Grayscale Ethereum trust to a spot ether ETF.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.
The Grayscale Ethereum trust was launched in March 2019 and voluntarily became an SEC reporting company in October 2020. It is currently the largest ETH investment vehicle in the world, with assets under management of nearly $5 billion, representing 2.5% of all ETH in circulation.with the SEC for a new ETH futures ETF under the Securities Act of 1933, the regulation under which commodities and spot bitcoin ETFs are filed.
In October 2021, Grayscale also filed to convert its Grayscale Bitcoin trust to a spot bitcoin ETF. Last month, the companythe SEC will likely have no choice but to approve multiple spot bitcoin ETF applications following Grayscale's victory in its case against the SEC.© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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