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Grayscale Investment has officially filed with the US Securities and Exchange Commission (SEC) to convert its ETH trust to a Spot Ethereum ETF. Specifically, the decision will convert its Grayscale Ethereum Trust (ETHE), which remains the largest Ethereum investment offering in the world with almost $5 billion in managed assets. Additionally, the decision comes after the investment company earned a vital win against the SEC in court this year. Subsequently, they are now awaiting a renewed review of the filing made to convert their Grayscale Bitcoin Trust into a Spot Bitcoin ETF. JUST IN: Grayscale submits SEC application to convert its #Ethereum trust to spot ETF.
Grayscale Files for New Ether Futures ETF Grayscale Set to Convert Ethereum Trust into Spot ETF Over the course of the year, exchange-traded funds have seen renewed interest within the digital asset industry. Specifically, a host of companies have opted to introduce Bitcoin ETFs to the market at large. Companies seeking to introduce the offering range from traditional finance institutions, such as BlackRock and Fidelity, to digital asset entities. Now, one company is continuing the trend but seeking to offer a different digital asset. Specifically, Grayscale Investments has officially submitted an SEC application to convert its Ethereum trust to a Spot ETH ETF. Moreover, the decision arrives as its Ethereum Trust is the largest investment product of its kind on the planet, with nearly $5 billion worth of managed assets. Also Read: Grayscale Bids Farewell to Post-Merge Ethereum Amidst Staking Boom Grayscale CEO Michael Sonnenshein called the filing a “natural next step in the product’s evolution”, according to Bloombeg’s Eric Balchunas. “We recognize this is an important moment to bring Ethereum even further into the US regulatory perimeter.” The Grayscale Ethereum Trust first debuted in 2019, eventually becoming an SEC reporting company the following year. Additionally, the move comes as the company earned a major court win over the SEC this year. Subseuqnlety, a similar filing to convert its Bitcoin Trust to a Spot ETF, has received a renewed review from the regulator.
#ContentStar# #BountyCreator# #GateioBountyCreator# #NewsMessenger# #GateLive# #contentstar# #HotTopicDiscussion# $CSIX boosts 17% with Increasing Adoption
Gate.io News: $CSIX, the native utility token of Carbon, a fast, private, & secure web browser, is up by 17% in the past 24hours, & now trades at $0.02103, with inflow of $263, 96k, as per Gate.io chart.
This follows the rising adoption of Carbon Browser by the ever-increasing new users as latest notice revealed that the exciting Web3 wallet has currently broken 60,000 Daily Active Users on GooglePlay Store.