Ethereum

Bitcoin ETF

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-etf-awaits-sec-approval-as-grayscale-pushes-forward/" data-wpel-link="internal">Ethereum ETF Awaits SEC Approval as Grayscale Pushes Forward</a> 
Spot <a href="https://coin-turk.com/bitcoin-artiyor-unlu-stratejist-btc-fiyat-tahminini-acikladi" data-wpel-link="internal">Bitcoin</a> ETF approval shifted focus to <a href="https://coin-turk.com/defi-sektoru-buyuyor-iste-nedenleri" data-wpel-link="internal">Ethereum</a>, but it didn’t trigger a major hype. <a href="https://en.coin-turk.com/ethereum-sees-surge-in-validator-interest/" data-wpel-link="internal">Ethereum</a>‘s status as a security is more debatable compared to <a href="https://en.coin-turk.com/bitcoin-price-dynamics-and-market-analysis/" data-wpel-link="internal">Bitcoin</a>. If we recall the struggle with Bitcoin, it suggests that the path for Ether might not be any easier. 
<h2 style="text-align: justify" id="spot-ethereum-etf">Spot Ethereum ETF</h2> 
Grayscale received the anticipated approval this year for converting GBTC into a spot Bitcoin ETF. Despite billions in GBTC outflows, Grayscale’s ETF remains at the forefront with its massive reserves. The company is now fighting to transform its Ethereum Trust, ETHE, into an ETF. Currently, companies like BlackRock, Fidelity, and Ark are also awaiting approval for an ETH ETF. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-328830 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/Ethereum-ETF.png" alt="" width="667" height="702"> 
Grayscale’s Legal Director Craig Salm wrote a few minutes ago; 
<blockquote> 
 “We have just filed an amended Form 19b-4 application for Grayscale Ethereum Trust. This is an important step in our effort to list ETHE on NYSE Arca. 
 Investors want and deserve access to Ethereum in the form of a spot Ethereum ETF.” 
</blockquote> 
The <a href="https://en.coin-turk.com/expert-predicts-potential-crypto-price-movements-for-march-2024/" data-wpel-link="internal">SEC</a>, however, expresses concerns over Ether’s potential as a security, including issues arising from the post-Merge staking mechanism, and the difficulty in establishing investor protection. The final decision on Ether ETFs will be given on May 23rd. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-etf-awaits-sec-approval-as-grayscale-pushes-forward/" data-wpel-link="internal">Ethereum ETF Awaits SEC Approval as Grayscale Pushes Forward</a></h5>

Ethereum ETF Awaits SEC Approval as Grayscale Pushes Forward

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