- Grayscale said that the case for Ethereum-spot ETFs is as compelling as Bitcoin.
- The approval has raised concerns
Grayscale Investments has submitted an updated filing to the U.S. Securities and Exchange Commission. Ethereum [ETH] You can put your trust in a ETF for a particular area.
Take a step forward
Craig Salm was the chief legal officer of the company. informed About the revised Form 19b-4 (formerly Twitter)
The listing of Ethereum spot ETFs on the New York Stock Exchange is a major step in enabling investors to benefit from price fluctuations for the second largest digital asset.
The SEC Form 19b-4, for the curious is the document that proposes a change to a regulation. Form 19b-4 is often used when an exchange wishes to list a product new, like spot ETFs.
Salm says
“Investors want and deserve access to Ethereum in the form of a spot Ethereum ETF, and we believe the case is just as strong as it was for spot Bitcoin ETFs.”
Ethereum, will you be lucky or not?
Is your portfolio green? Have you checked out your portfolio? ETH Profit Calculator
But unlike Bitcoin, the situation hasn’t been as clear. dialogue between the issuers and the regulator vis à vis Ethereum ETFs. According to experts, the silence created uncertainty and decreased approval chances.
Politics has begun to push back. Senators Jack Reed (left) and Laphonza B. Butler (right). wrote To the SEC, we urge you to “strictly limit” The applications are for crypto ETFs. They argued that other cryptos than Bitcoin had a larger market. “far more exposed to misconduct.”
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Source: ambcrypto.com