Grayscale and ProShares spot Ethereum ETFs have received SEC approval to trade on NYSE Arca

Grayscale and ProShares spot Ethereum ETFs are now approved by the SEC for trading on NYSE Arca

Grayscale and ProShares– The United States Securities and Exchange Commission (SEC) has approved two spot Ethereum exchange-traded funds (ETFs) — Grayscale Ethereum Mini Trust and ProShares Ethereum ETF — for listing on the New York Stock Exchange’s (NYSE) Arca electronic trading platform, according to a July 17 filing.

This approval of the Form 19b-4 filing allows NYSE to facilitate trading of these funds. However, the issuers must still wait for final comments on the ETFs’ S-1 filings before they can officially list the spot products.

Grayscale is excited to share that the SEC has approved Grayscale Ethereum Mini Trust’s (proposed ticker: ETH) Form 19b-4, a Grayscale spokesperson said. The Grayscale team continues to engage constructively with SEC staff as we seek full regulatory approval for US spot Ethereum ETPs.

Grayscale Ethereum Mini Trust is one of two spot Ethereum ETFs that the crypto investment manager is preparing to list. In May, Grayscale received SEC approval to convert its legacy spot ETH fund, Grayscale Ethereum Trust (ETHE), into an ETF after filing a Form 19b-4. The SEC has reportedly given preliminary approval to at least three issuers to begin listing spot Ether ETFs as soon as July 23.

Currently, a total of eight spot Ether ETFs are awaiting final regulatory approval after weeks of discussions with the SEC and multiple amendments to the funds’ S-1 filings.

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