Breaking: Grayscale & Bitwise Ethereum ETF Gets SEC Nod For NYSE Trading

The New York Stock Exchange Arca (NYSE Arca) has officially confirmed its approval for the listing and trading of spot Ethereum exchange-traded funds (ETFs) from Grayscale and Bitwise.

Grayscale & Bitwise Ethereum ETF Gets SEC Nod

Documents filed with the U.S. Securities and Exchange Commission (SEC) reveal that NYSE Arca has approved the registration and listing of spot Ethereum ETFs from both Grayscale and Bitwise under the Exchange Act of 1934.

This certification is crucial as it signifies regulatory acceptance and a formal process of introducing these financial products to the market. The ETFs in question aim to provide investors with a regulated means of gaining exposure to Ethereum without the need for direct cryptocurrency ownership.

The listing process involved a comprehensive two-step procedure, beginning with the SEC’s approval of 19b-4 forms in May. This initial approval was essential for NYSE Arca to proceed with the listing approvals. The final step, expected to be finalized by Monday, involves the SEC allowing the registration statements to become effective, thereby enabling the ETFs to commence trading tomorrow.

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