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Grayscale Ethereum Mini Trust and ProShares ETF: Approved by SEC 

The U.S. Securities and Exchange Commission (SEC) has approved two spot Ethereum ETFs: Grayscale Ethereum Mini Trust and ProShares Ethereum ETF. These funds will list on the New York Stock Exchange’s Arca platform following a Form 19b-4 filing.

Grayscale Ethereum Mini Trust and ProShares ETF logos with SEC approval
Source: Coinbackyard

Next Steps for Ethereum ETFs 

Trading for these ETFs cannot start immediately. The funds are awaiting comments on their S-1 filings. 

Grayscale Ethereum Mini Trust 

Grayscale Ethereum Mini Trust is notable as it evolved from the Grayscale Ethereum Trust (ETHE). This closed-end fund recently transitioned into an ETF, showcasing Grayscale’s strategy to adapt to investor needs and regulatory standards. 

Expert Insight 

Bloomberg ETF analyst James Seyffart commented on the strategic asset allocation for Grayscale Ethereum Mini Trust. The strategy aims to provide stability and cushion against potential outflows. 

ProShares Ethereum ETF 

The ProShares Ethereum ETF entered the market slightly later. These ETFs are part of a broader wave of similar products, with eight spot Ethereum ETFs awaiting final SEC approval. 

Regulatory Scrutiny and Investor Protection 

These developments follow prolonged discussions between issuers and the SEC. The rigorous scrutiny ensures investor protection while accommodating growing interest in digital assets. 

Financial Structure and Fees 

Most upcoming Ethereum ETFs, including those from Franklin Templeton, VanEck, and Fidelity, will initially offer a 0% fee period. Grayscale’s offerings will maintain a higher fee structure at 2.5%, reflecting its premium brand and management expertise in the crypto investment space. 

July 18, 2024 at 9:50 am

Updated July 18, 2024 at 9:50 am

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