Grayscale Amends Proposal for Ethereum ETF, Hope for Approval Remains Strong

Saturday, 16 March 2024, 12:46
Grayscale continues to pursue a spot Ethereum ETF despite regulatory challenges. The firm amended its proposal, citing the precedent of ETH futures ETFs and effective market surveillance. With the world's largest Ethereum investment fund at stake, the outcome of the approval decision carries significant financial implications. Although skepticism persists, industry experts maintain cautious optimism regarding the potential approval by regulatory authorities.

Grayscale Amends Ethereum ETF Filing

Grayscale argues that SEC should approve spot Ethereum ETFs based on the success of Ethereum futures ETFs and robust market surveillance.

The company highlights the market correlation and the need for investors to access Ethereum through an ETF.

The transition from a trust to an ETF could unlock billions in value, signaling a significant milestone for the ecosystem.

What Are the Chances of an Approval?

The likelihood of approval by regulatory authorities stands at 26%, with concerns raised by US senators regarding market integrity and trading volumes of Ethereum.

Industry experts hold conflicting views on the approval odds, with some forecasting a 75% chance of approval by May.

Grayscale's persistence in pursuing an Ethereum ETF demonstrates the industry's growing interest in expanding crypto investment opportunities.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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