-
Grayscale Files to Convert Ethereum Trust Into Spot ETF
After ongoing efforts to convert its Bitcoin (BTC) Trust into an exchange-traded fund, Grayscale now intends to do the same with its Ethereum (ETH) product. NYSE Arca filed a 19b-4 with the Securities and Exchange Commission (SEC) to convert the Grayscale Ethereum Trust (ETHE) into a spot Ethereum ETF shortly after the first series of futures Ethereum ETFs reached the U.S. market. When listing a new crypto ETF, regulatory permission is always sought from the exchange listing the new fund’s shares, rather than the sponsor itself. “As we file to convert ETHE to an ETF, the natural next step in the product’s ... (full story)