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Grayscale’s Vital Ethereum ETF Approval on the Horizon

Prof. Rkay Tiwari
By Prof. Rkay Tiwari
1 Min Read
Grayscale's Vital Ethereum ETF Approval on the Horizon

Craig Salm, Grayscale’s Chief Legal Officer, has announced the submission of an amended Form 19b-4 filing for their Ethereum ETF proposal, indicating a significant step toward upgrading ETHE to trade on the New York Stock Exchange (NYSE) Arca.

Salm underlines the need of giving investors access to Ethereum via a spot Ethereum ETF, comparing it to spot Bitcoin ETFs.

Grayscale launched preparations for a spot Ethereum ETF in October, and the SEC is presently assessing their application. The SEC has delayed the deadline to assess Grayscale’s request, with the next one set for May 2024, in keeping with their typical protocols for spot Bitcoin ETF approvals.

Craig Salm, Grayscale’s Chief Legal Officer, has announced the submission of an amended Form 19b-4 filing for their Ethereum ETF proposal, indicating a significant step toward upgrading ETHE to trade on the New York Stock Exchange (NYSE) Arca.

This article is for information or news purposes only and should not be considered trading or investment advice. Nothing herein should be interpreted as financial, legal, or tax advice. Trading cryptocurrency, forex and CFDs involves a significant risk of loss.

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By Prof. Rkay Tiwari
Prof. Rkay Tiwari is a post graduate in Economics with specialization in International Economics & Finance and has joined Crypto SA with a skill building view in the world of cryptocurrency and blockchain. He regularly contributes latest happenings of crypto industry. He is dynamic and a quick learner with a hold on financial data analysis.
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