SEC Requires Ethereum ETF Issuers to Submit S-1 Amendment Documents 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 largest ETH investment tool globally, with current assets totaling $11 billion. The discount rate of the trust has also decreased from 25% to 1.31% as the approval for the ETF approaches.