The SEC approves Grayscale's Ethereum Mini Trust and ProShares' spot Ethereum ETF to be listed on the NYSE Arca

2024-07-18 08:17:16

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ChainCatcher news reports that on July 17, the U.S. Securities and Exchange Commission approved two spot Ethereum ETFs—Grayscale Ethereum Mini Trust and ProShares Ethereum ETF—to be listed on the Arca electronic trading platform of the New York Stock Exchange (NYSE). After the related 19b-4 form applications were approved, the NYSE facilitated the trading of these funds. However, before the spot products can officially start trading, the issuers must still wait for the final opinions on the respective S-1 applications for the ETFs.

A Grayscale spokesperson stated in a statement, "Grayscale is pleased to announce that the SEC has approved the 19b-4 form for the Grayscale Ethereum Mini Trust. The Grayscale team will continue to engage in constructive dialogue with SEC staff, and we are seeking comprehensive regulatory approval for the U.S. spot Ethereum ETP."

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