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Grayscale Seeks SEC Approval to Convert Ethereum Trust into Spot ETF

If approved, the move marks a significant step towards providing investors with transparent and regulated access to crypto within familiar product structures.  Grayscale Investments, one of the world’s largest asset management companies, has submitted a formal request to the US Securities and Exchange Commission (SEC) for approval to convert the Grayscale Ethereum Trust (ETHE) into a spot Ethereum Exchange-traded fund (ETF). According to an official press release on Monday, the Form 19b-4...

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