SEC extends remark duration on Grayscale area Ethereum ETF into 2024 Jacob Oliver · 1 week ago · 2 minutes checked out
An effective conversion to identify ETF might narrow the discount rate in between Grayscale Ethereum Trust and its hidden possession, however it isn’t going to occur in 2023.
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Upgraded: December 5, 2023 at 9:47 pm
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The Securities and Exchange Commission (SEC) has actually extended the 45-day remark duration on a proposed guideline modification that would permit NYSE Arca to list and trade shares of the Grayscale Ethereum Trust as an exchange-traded fund (ETF), according to an SEC filing launched on Dec. 5th.
NYSE Arca initially sent the proposed guideline modification to the SEC on October 10th of this year. Generally, the SEC has 45 days from the publication of the proposition in the Federal Register to decide, however the regulator has actually decided to extend this timeline to January 25th, 2024, in order to take more time to think about the ramifications.
The proposed guideline modification would enable the $5 billion Grayscale Ethereum Trust,
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