Grayscale Updates Ethereum ETF Filing to SEC

Asset manager Grayscale Investments has updated its filing for a spot Ethereum (ETH)-based exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC).

Craig Salm, Chief Legal Officer at Grayscale Investments, recently shared the company’s update, highlighting that a Form 19b-4 amendment has been made for the Grayscale Ethereum ETF.

The recent move marks a significant new effort by Grayscale to successfully transition its Grayscale Ethereum Trust (ETHE) to NYSE Arca, with a view to providing investors with direct access to Ethereum via a spot ETF.

“We have just filed Grayscale Amended Filing of Ethereum Trust Form 19b-4. This is an important step in our effort to transfer $ETHE to NYSE Arca. Investors want and deserve access to Ethereum in the form of a spot Ethereum ETF and we believe the case is as strong as it has been for spot Bitcoin ETFs,” Salm wrote.

We just filed @Grayscale Ethereum Trust’s amended Form 19b-4 filing. This is an important step in our effort to uplist $ETH to NYSE Arca.

Investors want and deserve access to #Ethereum in the form of a spot Ethereum ETF and we believe the case is just as strong as it was for… pic.twitter.com/fOwJlHS71o

— Craig Salm (@CraigSalm) March 15, 2024

It is worth remembering that, recently, one of the main cryptocurrency exchanges, Coinbase, and the asset manager Grayscale met with the US Securities and Exchange Commission (SEC) to discuss the request for its spot Ethereum ETF.

In a new round of negotiations with regulators, the companies continued to advance their plans to launch an Ethereum exchange-traded fund (ETF). A Coinbase presentation was published on the Agency’s website, which was presented at the meeting.

Coinbase and Grayscale have attempted to assuage SEC concerns regarding the security of a spot Ethereum ETF. Such a new product would expose investors to the price movements of Ethereum at market value.

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