Though there has been conversation surrounding a supposed lack of engagement from the United States Securities and Exchange Commission about applications for spot ether exchange-traded funds , Grayscale's Chief Legal Officer, Craig Salm, believes the highly anticipated products "should be approved."
"In the final months leading up to Bitcoin ETF approval, Grayscale and others received positive and constructive engagement from the SEC," Salm wrote, adding: "We had thoughtful conversations and discussed the finer details of creation/redemption procedures, cash v. in-kind, APs, LPs, custody, etc." "The only difference is rather than the ETF holding bitcoin, it holds ether. So in many ways, the SEC already has engaged and issuers simply have less to engage on this time," he added.
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