Crypto:
30336
Bitcoin:
$64.998
% 0.04
BTC Dominance:
%54.2
% 0.09
Market Cap:
$2.37 T
% 0.16
Fear & Greed:
60 / 100
Bitcoin:
$ 64.998
BTC Dominance:
% 54.2
Market Cap:
$2.37 T

Grayscale and Coinbase Engage with SEC on Spot Ether ETFs

Grayscale

Grayscale and Coinbase engaged in further discussions with federal regulators this week, progressing in their efforts to launch a spot ether exchange-traded fund (ETF).

On Wednesday, the companies aimed to address the Securities and Exchange Commission (SEC)’s concerns regarding the safety of a spot ether ETF. Such an ETF would expose investors to the price fluctuations of the second-largest cryptocurrency by market cap. Grayscale is currently in the process of transforming its unsuccessful Ethereum Trust into an ETF, potentially broadening investors’ access to cryptocurrency-based investment opportunities.

Coinbase delivered a presentation during the meeting, and details of the discussion were subsequently posted on the SEC’s website.

These discussions come on the heels of the SEC’s recent approval of more than a dozen spot bitcoin ETFs, a development that contributed to significant price surges across various cryptocurrencies and heightened investor interest in crypto investment products.


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