July 18, 2024

The US SEC approved Grayscale Ethereum ETFs for trading

The SEC shared the news in a July 17 filing. Approval of Form 19b-4 allows New York Stock Exchange to trade these funds.

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Grayscale received approval to convert its ETH fund into an ETF. Grayscale plans to distribute new shares to ETHE fund holders.

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The SEC has given basic approval to at least three issuers. Eight more spot Ethereum ETFs await final approval from the SEC.

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