Grayscale urges the US Securities and Exchange Commission to approve participation in Ethereum ETF.
Grayscale urges the US Securities and Exchange Commission to approve participation in Ethereum ETF, citing a loss of $61 million in rewards.
Grayscale is urging the US Securities and Exchange Commission to approve participation in Ethereum ETFs, which would lead to the unlocking of millions in rewards, enhance the Ethereum network, and advance cryptocurrency investment in the United States.
Grayscale urged the US Securities and Exchange Commission to allow participation in Ethereum ETFs, highlighting the benefits for key investors.
Representatives from Grayscale Investments met with members of the SEC's cryptocurrency team on April 21 in Washington, D.C., to advocate for changes in the participation regulations related to Ethereum exchange-traded products (ETPs).
In a memo summarizing the meeting, Grayscale detailed its request to amend its typical 19b-4 filings for the Grayscale Ethereum Trust ETF (ETHE) and Grayscale Ethereum Mini Trust ETH, aiming to allow staking activities. Craig Salm, Chief Legal Officer at Grayscale Investments, stated: 'We appreciate the opportunity to collaborate with the SEC's cryptocurrency team.'
The documents submitted during the meeting clarified Grayscale's position to allow US Ethereum traded funds, which collectively manage assets worth $8.1 billion, to deposit their shares, similar to their non-US
