tl;dr
html Grayscale, led by Chief Legal Officer Craig Salm, has submitted an amended Form 19b-4 filing for its Ethereum ETF application, a crucial step towards upgrading ETHE for trading on NYSE Arca. Salm believes that investors deserve access to Ethereum as a spot Ethereum ETF and that the argument for...
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Grayscale, led by Chief Legal Officer Craig Salm, has submitted an amended Form 19b-4 filing for its Ethereum ETF application, a crucial step towards upgrading ETHE for trading on NYSE Arca. Salm believes that investors deserve access to Ethereum as a spot Ethereum ETF and that the argument for an Ethereum ETF is just as strong as it was for spot Bitcoin ETFs. The filing comes after ongoing scrutiny from the SEC, with the next deadline for access to Grayscale’s Ethereum ETF proposal slated for May 2024. Many in the cryptocurrency market believe that an approved spot Ethereum ETF could have a significant impact, similar to the spot Bitcoin ETF, and could lead to substantial growth in ETH, in addition to the upcoming Bitcoin halving.
According to Craig Salm, Grayscale’s Chief Legal officer, the firm has submitted an amended Form 19b-4 filing for its Ethereum ETF application. Salm considers the move a crucial step in Grayscale’s effort to upgrade ETHE to start trading on the New York Stock Exchange (NYSE) Arca. In a post on X, Salm noted that investors want and deserve access to Ethereum as a spot Ethereum ETF. He believes the argument for an Ethereum ETF is just as strong as it was for the spot Bitcoin ETFs. Grayscale’s move towards actualizing a spot Ethereum ETF started last October when the firm filed with the SEC, requesting to swap its ETHE for a spot Ethereum ETF. The SEC has kept the investment company’s ETH ETF application on hold, citing ongoing scrutiny.
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