Grayscale Updates Registration Statement for Ethereum Spot ETF
CryptoNewsTerminal Staff31 May, 2024
Grayscale Updates Registration Statement for Ethereum Spot ETF
Grayscale Investments has filed an updated registration statement with the U.S. Securities and Exchange Commission (SEC) for its Ethereum Trust (ETHE). The move is part of Grayscale's ongoing effort to convert ETHE into an Ethereum spot exchange-traded fund (ETF). The updated registration statement follows similar updates filed by VanEck and BlackRock in response to requests from the SEC. These updates are part of the SEC's ongoing review of spot ETF proposals, which has been delayed due to concerns about market manipulation and volatility. Grayscale's updated registration statement includes additional information on the trust's investment objectives, risks, and fees. The company is also seeking to add a new provision to the trust's charter that would allow it to invest in other Ethereum-based assets. The SEC has not yet approved any spot ETF proposals, but the updates from Grayscale, VanEck, and BlackRock suggest that the agency is moving closer to making a decision. If approved, these ETFs would provide investors with a more convenient and regulated way to gain exposure to Ethereum.
