Grayscale Ethereum Trust News

Grayscale’s application to convert its trust into a spot Ethereum ETF has been delayed by the U.S. SEC.

Grayscale Investment submitted an application with the Securities and Exchange Commission seeking to reshape its current Ethereum-based trust into an exchange-traded fund tied to Ether’s spot price.

Institutional investors on digital asset management firm, Grayscale Investments, have bought almost half of all Ethereum (ETH) mined so far in 2020. Grayscale continues to be the leading vehicle for big-money players gaining exposure to the nascent cryptocurrency market. Grayscale…