Key dealers
- SEC reviews NYSE ARCA’s proposal to stag activities in the gray scale Ethereum Trust ETFS, with a decision before May 26, 2025.
- The proposal enables confidence to knit ether through reliable suppliers and serve rewards as income without changing the custody arrangement.
The SEC began to review NYSE ARCA’s proposal to allow interventions for grayscale Ethereum Trust ETF and grayscale Ethereum Mini Trust ETF, with a decision expected before May 26, 2025.
NYSE ARCA submitted the proposed rule change on February 14, 2025, which would enable the confidence to invest Ethereum tokens through reliable suppliers and earn rewards in the ether token as income.
Both ETFs are currently active in the market, where SEC has approved Grayscale Ethereum Trust in May 2024 and Grayscale Ethereum Mini Trust in July 2024.
According to the proposed amendment, investment would be implemented exclusively by the sponsor without gathering ETH with other units or marketing services.
The storage arrangement will remain unchanged, with coinbase custody that continues to secure the ETH holdings.
Sec’s review contains a public comment period, with a first 45-day decision time that can extend up to 90 days from the message.
In March 2024, Grayscale Investments proposed to add Stak to its place Ethereum ETF, after Fidelity’s management, but before before before regulatory complexity.
