Grayscale sees Ether ETF approvals despite SEC ‘lack of engagement’
Important details concerning the creation and redemption procedures, cash and in-kind models, asset protection, loss prevention and custody “were figured out” in the spot Bitcoin ETF applications, the Grayscale executive explained.
Grayscale is confident that spot Ether (ETH) exchange-traded funds will be approved in May despite recent “chatter” about the U.S. securities regulator’s “lack of engagement” with applicants.
“I don’t think perceived lack of engagement from regulators should be indicative of one outcome or another [...