Cryptocurrency exchange Coinbase has thrown its support behind Grayscale’s application to convert its Ethereum Trust into a spot Ether ETF, urging the SEC for approval.
One of Coinbase’s key arguments was that Ether is not a security.
Coinbase Bats For Spot Ether ETFs
Coinbase has thrown its hat in Grayscale’s corner, standing behind the firm in its application to convert its Ethereum Trust into a spot Ether exchange-traded product. Coinbase’s Chief Legal Officer shared the crypto trading platform’s 27-page letter outlining the legal, technical, and economic rationale for why the United States Securities and Exchange Commission should approve an Ether-based ETP.
“Today @coinbase responded to @SECGov’s request for comment on the proposed @Grayscale Ether Trust ($ETHE) ETP. 27 pages and 96 citations that provide the (1) legal, (2) technical, and (3) economic rationale for approval.”
Many analysts have predicted that the SEC will approve a spot Eher ET
We współpracy z: https://cryptodaily.co.uk/2024/02/coinbase-throws-its-weight-behind-grayscales-spot-ether-etf
