Grayscale’s Ethereum ETF Approval Looms with Mini Trust Launch

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Grayscale’s Bitcoin Trust witnessed immense outflows over the spot BTC ETF approval, however, a potential Ethereum ETF approval might not turn out to be similar. The chances of a likely approval of Ethereum ETF approval on May 23 is placed at 75% as per Bloomberg analysts. However, Grayscale has announced details about the Grayscale Ethereum Mini Trust ahead of its potential approval, while Bitcoin Mini Trust did it only after the launch. May 23 is the next critical deadline when the SEC must approve the listing exchange’s Form 19b-4. The Grayscale Ethereum Mini Trust launch alongside ETHE could result in fewer outflows due to lower fees and no action required from the investors part.