Regulation
Grayscale Ethereum ETF Approval Looms With Mini Trust Launch
Grayscale’s Bitcoin Trust saw immense capital outflows following the one-time approval of the BTC ETF, however, a potential approval of the Ethereum ETF may not prove similar. The chances of a likely approval of the Ethereum ETF approval on May 23 are placed at 75% according to Bloomberg analysts. However, Grayscale announced details of the Grayscale Ethereum Mini Trust before its potential approval, while Bitcoin Mini Trust only did so after launch. May 23 is the next critical deadline by which the SEC must approve the listing exchange’s Form 19b-4. Launching the Grayscale Ethereum Mini Trust alongside ETHE could result in fewer outflows due to lower fees and no action required from investors.