Grayscale, a digital asset manager, has partnered with the Securities and Exchange Commission (SEC) to launch an Ethereum Futures Exchange-Traded Fund (ETF) on NYSE Arca. The ETF will engage in the purchase and management of Ethereum-related futures contracts. Grayscale’s attorneys have pressed the SEC for a speedy approval, highlighting the company’s commitment to oversight and regulatory compliance. In a recent court ruling, the SEC’s decision to deny other ETFs was reversed due to inadequate explanation and inconsistent treatment. Grayscale aims to provide investors with an opportunity to gain exposure to Ethereum through the ETF.
AI Sentiment: Positive
