According to the documents disclosed on the official website of the US SEC, the US SEC approved the grey release spot Ethereum mini ETF and approved the rule change order for listing and trading grey release Ethereum mini trust and ProShares Ethereum ETF shares.
James Seyffart, senior ETF analyst at Bloomberg, said: I think this means that the mini ETF will be launched at the same time as other ETFs. ETH will be seeded with 10% of ETHE assets from the start. This should help mitigate some potential outflows. Still, the fees for both are not known.
This is a 19b-4 approval that all other issuers already have. It just means that the Grayscale Ethereum Mini Trust ($ETH) and ProShares Ethereum ETF are likely to launch at the same time as other ETFs.
The S-1 document still needs to be approved, which has not been received yet, but is expected to be available next week.
SEC approves grey release of spot Ethereum mini ETF 19b-4 documents
2024-07-17 20:56:31
According to the US sec official website disclosure document display sec approvaldesk3cryptocurrencydesktopCrypto News
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