SEC Requires Ethereum ETF Issuers to Submit S-1 Amendment by Friday

And on May 30th, Grayscale also submitted an application to convert its Ethereum Trust (ETHE) into an Ethereum spot ETF. Grayscale Ethereum Trust was launched in March 2019 and is the world’s largest ETH investment tool, with current assets under management of $11 billion. The discount on its shares has also reduced from 25% to 1.31% as approval for the ETF approaches.