U.S. SEC Approves Gray Spot Ether Mini-ETF 19b-4 Filing
The U.S. SEC approved the Grayscale Spot Ether Mini-ETF and approved a rule change order to list and trade shares of the Grayscale Ether Mini-Trust and ProShares Ether ETF, according to a filing disclosed on the U.S. SEC's website. I think this means that the mini Ether ETFs will be launched at the same time as the other ETFs, said ETF analyst James Seyffart, who seeded the ETH fork with 10% of ETHE's assets at the outset. This should help avoid some potential repatriation of funds. Still not sure about the fees for either, however. This is a 19b-4 approval that all other issuers already have. This just means that the Shades of Gray Ether Mini-Trust ($ETH) and ProShares Ether ETF will likely launch at the same time as the other ETFs. Still waiting for approval on the S-1 filing, which is not available yet, but expected next week.
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