Grayscale File Amended Form 19b- 4; ETH Spot ETF Approval Awaited

close
coinmarketcap-logo
Use CoinMarketCap APP

Get a better and more comprehensive user experience


OPEN
Market Cap: $2.6T0.32%
24h Vol: $140.58B33.10%

12
CoinMarketCap: Read what our contributors have to say. This content is provided by the community. DYOR!

Grayscale File Amended Form 19b- 4; ETH Spot ETF Approval Awaited

Table of Contents


Crypto News

Grayscale File Amended Form 19b- 4; ETH Spot ETF Approval Awaited
Ethereum
ETH

ETF
ETF

Million
MM

ETF
ETF

Pyth Network
PYTH

Thecoinrepublic.com
By Thecoinrepublic.com

1h ago
•
4 mins read
Grayscale File Amended Form 19b- 4; ETH Spot ETF Approval Awaited
Table of Contents
Ethereum Price Movement
Market Price Update
Grayscale has emerged as one of the most prominent cryptocurrency companies, holding billions of Bitcoins.

In an ‘X’ post, the Chief Legal Officer of Grayscale, Craig Salm, notes that the company has submitted an amended Form 19b-4 filing for its Ethereum ETF application. As per market observers, Grayscale’s move showcases its effort towards Ether spot ETF.

We just filed @Grayscale Ethereum Trust's amended Form 19b-4 filing. This is an important step in our effort to uplist $ETHE to NYSE Arca.

Investors want and deserve access to #Ethereum in the form of a spot Ethereum ETF and we believe the case is just as strong as it was for… pic.twitter.com/fOwJlHS71o
— Craig Salm (@CraigSalm) March 15, 2024
Craig also believes this amendment is a crucial step in Grayscale’s effort to upgrade ETHE to start trading on the New York Stock Exchange (NYSE) Arca.

The CLO further adds, “Investors want and deserve access to Ethereum in the form of a spot Ethereum ETF and we believe the case is just as strong as it was for spot Bitcoin ETFs.”

Similar to Bitcoin spot ETF, there is competition among dozens of companies to secure approval over their application of Ether spot ETF. However, there is speculation that the United States SEC might approve the ETH ETF by May 2024.

Grayscale is one of the most significant Ethereum holders, as it holds Etheereum’s worth $7.4 Billion. However, Ether’s approval of ETFs might lure more investors and funds after its approval.

Ethereum Price Movement
In the past 30 days, Ethereum, the second most prominent cryptocurrency in the market, has outperformed and grown 30.18%. ETH traded highest at $4,092 in the past 52 weeks, although its all-time high is $4,891.
Ethereum Eth might gather significant popularity for several reasons: its price and the credibility of the Ethereum Network. Over thousands of crypto projects are functioning in the market, and hundreds are operating using Ethereum’s blockchain.

The yet-to-be-approved Ether spot ETF is claimed to have massive potential as it is among the most traded crypto in the market.

More than 97% of the total addresses hold Ethereum in $0- $100, the address with $1 – $100k Ethereum is 2.20%, and the address with ETH above $100k is 0.08%. Till March 13, 2024, there were 50.60 Million whale holders, 12.63 Million Investors, and 65.16 Million retail.

Market Price Update
In the past 24 hours, market capitalization has surged by over 2.50%, which was $2.60 trillion as of this writing. The market leader, Bitcoin, grew 2.18% intraday and is trading at $68,119.

Book Of Meme (BOME) price surged more than 305% in the past 24 hours, which makes it the topper of the intraday gainer list. Jupiter (JUP), the second topper of the list, has flourished at 48%, and Pyth Network (PYTH) at 22.62 %.

Dogwifhat (WIF), the most talked about meme coin in the past few quarters, has lost 10.97% of its trading volume, making it the leader of the 24-hour loser list. Pepe (PEPE), another meme coin that lost 11%, Floki (FLOKI) 10.81%, and Fetch.ai (FET) 6.43%.

Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.

74 views
0 likes

|
0 shared
See the latest updates from across the crypto universe

Thecoinrepublic.com
Thecoinrepublic.com
Other articles published on Mar 16, 2024
Crypto News
Fantom (FTM) Jumps 23%, Analyst Predicts Next Target Breakout
Fantom (FTM) surprises with 23% gain, analyst predicts next moves

By U_Today

1h ago
•
2 mins read
Crypto News
Bitcoin Cash (BCH) and Immutable (IMX) Investors Show Keen Interest in DeeStream (DST) Presale Am...
Bitcoin Cash (BCH) and Immutable (IMX) investors are eyeing DeeStream (DST) presale, finding stability amid market volatility The post Bitcoin Cash (BCH) and Immutable (IMX) Investors Show Keen Int...

By TheCoinrise Media

4h ago
•
3 mins read
Crypto News
Dogwifhat (WIF) Overtakes BONK To Become Solana’s Biggest Meme Coin as Appeal Grows on Milei Moneda
TLDR Of all the meme coins on the Solana network, Dogwifhat is now the biggest after overtaking BONK. WIF has risen 26.37% over the past week, in contrast to BONK, which dropped 5.92% of its price ...

By CaptainAltcoin

2h ago
•
7 mins read
Crypto News
Can IMVU Crypto Show a Massive Spike & Reach Higher Price Level?
1 The IMVU crypto revealed a sign of sustenance as the price is not going below the support level. 2 The technical indicators tools like EMA, MACD, and RSI illustrate the bullish potential. VCORE i...

By Thecoinrepublic.com

2h ago
•
4 mins read
Crypto News
March Mania Sees Bitcoin $68K Price, DeeStream (DST) Presale Explode & Bitcoin Cash Whales Buy Pr...
The post March Mania Sees Bitcoin $68K Price, DeeStream (DST) Presale Explode & Bitcoin Cash Whales Buy Presale Early appeared first on Coinpedia Fintech News The March mania shocked the crypto mar...

By CoinPedia News

7h ago
•
4 mins read
Crypto News
Top 15 Important Factors to Consider When Choosing a Crypto Exchange
We’ve fully entered the bull market mode. This means lots of projects will hit the market with potential for 2x, 10x, and, in rare cases, 100x. Where can you find these projects? Crypto exchanges. ...

By Coingape News Media

9h ago
•
1 min read
See all articles
Join the thousands already learning crypto!

Join our free newsletter for daily crypto updates!
Subscribe
Markets
Watchlist
Portfolio
Community