Grayscale/NYSE File With SEC to Convert ETHE to a Spot Ether ETF

“At Grayscale, our unwavering dedication is to supply traders clear and controlled entry to crypto by way of product constructions which are acquainted,” stated Grayscale CEO Michael Sonnenshein in an announcement. “As we file to transform ETHE to an ETF, the pure subsequent step within the product’s evolution, we acknowledge this as an necessary second to carry Ethereum even additional into the U.S. regulatory perimeter.”