ETHE - Why SEC Delays Put The May Ethereum ETF Deadline In Doubt | Benzinga
The fervor surrounding Ethereum (CRYPTO: ETH) exchange-traded funds (ETFs) continues to build, particularly after the successful launch of multiple Bitcoin (CRYPTO: BTC) ETFs earlier this year.
However, the path to approval for Ethereum ETFs faces continued regulatory scrutiny, with the U.S. Securities and Exchange Commission (SEC) engaging in a detailed review process with prospective issuers.
Grayscale Intensifies Efforts with Revised S3 Prospectus
Despite facing regulatory headwinds, Grayscale, a leader in digital currency asset management, has not relented in its push for a Spot Ethereum ETF.
The firm manages approximately $10.87 billion in its Ethereum Trust (OTCQX:ETHE) and has recently updated its registration through an S3 prospectus, aiming to elevate its ETHE to the NYSE Arca.
This filing is a critical move to transition the trust into a more accessible ETF format for investors.
“Today we ...