Several spot Ethereum EFT applications are waiting to be approved by the United Securities and Exchange Commission (SEC), but Senior Bloomberg Analyst Eric Balchunas does not think it will happen soon.
Spot Ethereum ETF Might Come Within The Year
Grayscale Investment recently withdrew its application for Ethereum Futures ETF, claiming that it has several futures products already available in the market today. The firm’s CEO Michael Sonnenshein stated that Grayscale will continue to focus on converting its Ethereum Trust (ETHE) into a spot Ethereum ETF.
While speaking at an event hosted by the Financial Times on Wednesday, Sonnenshein further explained why the company decided to take a break from the Ethereum ETF race. Balchunas’ post was in response to a statement from Sonnenshein, who seemed very positive about getting approval from the securities regulator on its application.
“Grayscale Ethereum Trust is already an SEC reporting company. We file 10-Ks and 10-Qs [disclosures t
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