On May 9, Michael Sonnenshein, CEO of Grey Release Investment Company, said at an event in London hosted by the Financial Times on Wednesday that the company will focus on converting its Ethereum trust fund into a spot ETF product; the company is withdrawing its application because many futures products are already available to investors; sometimes we apply for a product, which does not necessarily mean it will enter the market.
Sonnenshein said that while it is difficult to know what the SEC thinks of Ethereum in the United States, grey release is optimistic that the SEC will make the right decision for investors. Grey release Ethereum Trust is already a reporting company to the SEC. We file 10-K and 10-Q (documents disclosed to the SEC), and we have always been a business pushing regulators to allow cryptocurrency to be further brought into the regulatory fold.
Previously, it was reported yesterday that Grey Release has withdrawn its Ethereum futures ETF application to the US SEC.
Grey releases CEO: Company will focus on spot Ethereum products
2024-05-09 00:50:53
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