The U.S. Securities and Exchange Commission (SEC) has asked for public comment on proposals for spot Ethereum ETFs from major firms including Grayscale, Fidelity, and BitwiseInvest. This move has sparked discussions in the cryptocurrency community, particularly regarding Grayscale's Ethereum ETF, $ETHE, which is currently trading at a 24% discount relative to its net asset value (NAV), a significant widening from an 8% discount earlier this month, as approval hopes dim. The SEC's actions, including an investigation into the Ethereum Foundation and its proof-of-stake system, are seen as pivotal moments that could influence the approval process for these ETFs. The situation is closely monitored by investors and industry observers, many of whom remain cautious about the prospects of Ethereum ETFs following the precedent set by bitcoin ETF approvals.
All eyes are on the United States Securities and Exchange Commission (SEC), which has opened a period for public feedback on three ether spot exchange-traded fund (ETF) proposals https://t.co/qMEHWzfrFN
BREAKING: SEC Reviews Ethereum ETF Applications from Major Firms
The @SECGov is inviting public comments on spot #etherETF proposals -- specifically from @Grayscale, @Fidelity and @BitwiseInvest — though crypto observers aren't counting on $ETH getting a repeat of the #bitcoinETF approvals. https://t.co/v0dQeoPmNc
SEC's spotlight on Ethereum ETFs is heating up! Dive into the regulatory maze as the SEC opens the floor for public comments on Ethereum's proof-of-stake system. Stay informed , check the article below: ↓ https://t.co/1ALgCgYYoF
🔎 On @unchained_pod, Sam Enzer questions the @SECGov's timing in investigating the @Ethereum Foundation. Could it tie into the approval process for spot #etherETFs? Spotify 🎧 https://t.co/V93O1mAUe8 Apple 🎧 https://t.co/gV9AO6BgrB 🔗 https://t.co/tN7UVt6rqg https://t.co/ib2NNlOehK
The Securities and Exchange Commission has opened up comment periods for ETF applications for @Grayscale, @Fidelity and @BitwiseInvest. https://t.co/QlQYAo2YSG https://t.co/27gNzS0Z5a
The SEC asked for public comment today on several spot Ethereum ETFs, including Grayscale's $ETHE, which trades at a discount relative to NAV as $GBTC once did. $ETHE's discount has widened to 24% from as slim as 8% this month as approval hopes dim. Where do things go from here? https://t.co/z81k9GKF9U