- Grayscale is confident regarding the SEC’s approval of its ETH spot ETF.
- Grayscale’s lead counsel disclosed that the firm had covered essential engagements with the SEC.
- A market analyst asserted that Ethereum is on track to reach the $4,000 price mark.
The largest crypto asset manager, Grayscale, has voiced confidence regarding the U.S. regulator’s potential approval of its Ethereum exchange-traded fund (ETF) application. In a recent post on X, Grayscale expressed that it is confident in its approval, similar to how it felt when its Bitcoin spot ETF application was also under review.
“We believe the case for spot Ethereum ETFs is just as strong as it was for spot Bitcoin ETFs,” the statement read.
Our Chief Legal Officer @CraigSalm explains why we believe the case for spot #Ethereum ETFs is just as strong as it was for spot #Bitcoin ETFs: https://t.co/22x6nOPpWn— Grayscale (@Grayscale) March 25, 2024
Craig Salm, Grayscale’s Chief Legal Officer, further substantiated the confidence by pointing out recent discussions surrounding spot Ethereum ETFs. Specifically, he addressed concerns regarding the perceived “lack of SEC engagement” at …
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