Crypto assets management firm Grayscale Investments has filed an updated 19b-4 for its Ethereum ETF application. As revealed on X by Bloomberg Senior ETF Analyst James Seyffart, this is the company’s latest update after initially filing one on May 21.
Grayscale Dotting All Is for Ethereum ETF
The broader digital currency ecosystem is on the edge as the United States Securities and Exchange Commission (SEC) is expected to greenlight spot Ethereum ETF application this week. Several indices point to the fact that history will be made with the approvals, however, Grayscale Investments is not giving any chances that might fuel any unforeseen errors in its application.
The updated filing hinges on Grayscale’s broad compromise as the firm has removed the “Staking” clause from its broader Spot Ethereum ETF proposals. The focus on the 19b-4 is understandable as in the order of approval, this form is the first the SEC will greenlight in preparation for actual launch.
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