BREAKING: Grayscale Applies for a Spot Ethereum ETF! All the Details!

  • Grayscale announced today that it has submitted Form 19b-4 to the U.S. Securities and Exchange Commission (SEC) to convert NYSE Arca’s Grayscale Ethereum Trust into a spot Ethereum ETF.
  • Grayscale continues its commitment to put each digital asset product through a four-phase process, with the fourth and final phase involving conversion to an ETF.
  • Today, the Trust represents the world’s largest Ether investment vehicle, accounting for approximately $5 billion in assets and representing 2.5% of all circulating Ether.

Grayscale Investments, the world’s largest crypto asset manager, has taken steps to convert its Ethereum Trust fund into a spot Ethereum ETF!

Grayscale Applies for a Spot Ethereum ETF

grayscale
Grayscale

The world’s largest crypto asset manager, Grayscale, announced today that it has submitted Form 19b-4 to the U.S. Securities and Exchange Commission (SEC) to convert NYSE Arca’s Grayscale Ethereum Trust into a spot Ethereum ETF. This application comes after the SEC approved the first Ethereum futures ETFs.

Grayscale CEO Michael Sonnenshein stated, “As Grayscale, our commitment is to provide investors with transparent and regulated access to crypto, and to do so through familiar product structures. In applying to convert ETHE into an ETF, we acknowledge this as a natural next step in the product’s evolution and an important moment for increasing Ethereum’s inclusion within the U.S. regulatory framework.”

Grayscale continues its commitment to put each digital asset product through a four-phase process, with the fourth and final phase involving conversion to an ETF. ETHE was launched in March 2019, went public in May 2019, and voluntarily became an SEC reporting company in October 2020. Today, the Trust represents the world’s largest Ether investment vehicle, accounting for approximately $5 billion in assets and representing 2.5% of all circulating Ether. Shares trade with daily volumes in the millions of dollars, and the product is held by hundreds of thousands of American investor accounts.

David LaValle, President of Grayscale Global ETFs, commented, “This filing is a significant milestone in Grayscale’s continued efforts to build a best-in-class ETF franchise, and to serve as a respected asset manager with unique crypto expertise. We are proud to collaborate on this filing with NYSE Arca and look forward to engaging with the SEC on the next steps.”

More About Grayscale

Grayscale enables investors to access the digital economy through regulated, future-focused investment products. Founded in 2013, Grayscale has a proven track record and deep expertise as the world’s largest crypto asset manager. Investors, advisors, and allocators turn to Grayscale for single-asset, diversified, and thematic exposure.

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