Grayscale, a leading asset manager in the crypto space, has taken significant strides in its pursuit of a Spot Ethereum ETF. In a recent development, the company filed its Form S-3 with the U.S. Securities and Exchange Commission (SEC) to convert its Ethereum Trust into a Spot Ethereum ETF.
Grayscale Files Form S-3 For Spot Ethereum ETF Application
Unlike other Ethereum ETF issuers, Grayscale’s Ethereum Trust is already registered with the Commission. Hence, the asset manager doesn’t need to consider the S-1 filing. Meanwhile, the Form S-3 filing is a pivotal step in Grayscale’s strategy.
Moreover, it positions the company with all the necessary documentation for the SEC to consider its application. Additionally, Grayscale submitted an S-1 filing for a mini Ethereum ETF, marked by the ticker “ETH.”
This move follows Grayscale’s previous filing for a mini Bitcoin ETF in March, under the ticker “BTC,” which is still pending SEC approval. Furthermore, Grayscale is actively
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