Michael Sonnenshein CEO Grayscale Investments<\/strong><\/p>\n
\nThe filing comes on the heels of the SEC\u2019s clearance of the first Ethereum futures ETFs.<\/p>\n
\u201cAt Grayscale, our unwavering commitment is to offer investors transparent and regulated access to crypto through product structures that are familiar,\u201d said Grayscale CEO Michael Sonnenshein<\/strong>. \u201cAs we file to convert ETHE to an ETF, the natural next step in the product\u2019s evolution, we recognize this as an important moment to bring Ethereum even further into the U.S. regulatory perimeter.\u201d<\/p>\nGrayscale remains committed to shepherding each of its digital asset products through its intended four phase lifecycle, with the fourth and final stage being conversion to an ETF. ETHE launched in March 2019, received a public quotation in May 2019, and voluntarily became an SEC reporting company in October 2020. Today, the Trust is the largest Ether investment vehicle in the world, with assets under management of nearly $5b, representing 2.5% of all Ether in circulation. Its shares trade millions of dollars in daily volume, and the product is held by more than a quarter of a million American investor accounts.<\/p>\n
\u201cThis filing is another important milestone as Grayscale continues to build its best-in-class ETF team, product suite, and capabilities \u2013 serving investors as a globally respected asset manager with unmatched crypto expertise,\u201d said Grayscale Global Head of ETFs David LaValle<\/strong>. \u201cWe are proud to partner with NYSE Arca on this filing and look forward to engaging with the SEC on next steps.\u201d<\/p>\n*We use the generic term \u201cETF\u201d to refer to exchange-traded investment vehicles, including those that are required to register under the Investment Company Act of 1940, as amended (the \u201c\u201840 Act\u201d), as well as other exchange-traded products which are not subject to the registration requirements of the \u201840 Act<\/em>.<\/em><\/p>\nSource : ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"
Grayscale Investments today announced that NYSE Arca has filed Form 19b-4 with the Securities and Exchange Commission (SEC) to convert Grayscale Ethereum Trust to a spot Ethereum ETF.<\/p>\n","protected":false},"author":4,"featured_media":25369,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[12],"tags":[423],"class_list":["post-55023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etf-analysis","tag-grayscale-investments"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/55023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/comments?post=55023"}],"version-history":[{"count":1,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/55023\/revisions"}],"predecessor-version":[{"id":55024,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/55023\/revisions\/55024"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media\/25369"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media?parent=55023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/categories?post=55023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/tags?post=55023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}