% 0.26
BTC Dominance:
% 0.22
Market Cap:
$2.34 T
% 1.02
Fear & Greed:
63 / 100
$ 64.242
BTC Dominance:
% 54.0
Market Cap:
$2.34 T

Grayscale CEO is Optimistic on Ethereum ETF Approval

Grayscale Ethereum Etf

According to reports, Jeffrey Sonnenshein, CEO of Grayscale, is “optimistic” about the prospects of Ethereum ETF certification.

The head of the most recent bitcoin asset management firm has expressed the expectation that the agency will act in a manner that is “the right thing.”

Following the delay that occurred in November, Grayscale has now withdrawn its application for an Ethereum ETF, as reported by U.Today. To secure a 19b-4 order from the SEC, it was a Trojan horse filing, according to James Seyffart, an analyst who specializes in ETFs.

However, according to a number of analysts, Grayscale’s decision to withdraw from the transaction most certainly indicates that the company will not pursue any additional legal action against the SEC.

Grayscale achieved a significant victory over the agency in August of last year, which ultimately opened the way for the introduction of a number of Bitcoin ETFs in January of this year.

Following several months of continuous hemorrhaging, Grayscale’s GBTC has just lately reported its first days of inflows.

In spite of the fact that ETFs for Bitcoin have been quite successful, it is generally believed that the Securities and Exchange Commission (SEC) would reject multiple applications for Ethereum ETFs in March due to the complete lack of engagement with ETF issuers.

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