EddieJayonCrypto
26 Jan 24
The United States Securities and Exchange Commission (SEC) has initiated proceedings on Grayscale Investments’ application for a spot Ethereum ETF, extending the decision deadline. Grayscale’s application sought approval for listing and trading shares of the Grayscale Ether Trust on the NYSE Arca. T...
In a significant development, the SEC has initiated proceedings on Grayscale Investments’ application for a spot Ethereum ETF, extending the decision deadline. Grayscale’s application sought approval for listing and trading shares of the Grayscale Ether Trust on the NYSE Arca.
The SEC has encouraged interested parties to provide comments addressing the sufficiency of the Exchange’s statements supporting the proposal and has also posed several questions for commenters to address. The SEC also views Bitcoin as the sole commodity within the cryptocurrency market, highlighting significant industry potential and volatility.
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