SEC Approves Generic Listing for Grayscale Ethereum ETFs
- On September 19, NYSE Arca filed to amend the listing of the Grayscale Ethereum Trust ETF and the Grayscale Ethereum Mini Trust ETF from Rule 8.201-E (Non-Generic) to Rule 8.201-E (Generic).
- The SEC published a notice confirming that this rule change is effective immediately, allowing both ETFs to trade under generic standards without separate approvals.
- The Grayscale Ethereum Trust ETF was approved in May, and the Mini Trust ETF followed in July, both tied to specific conditions.
- This amendment aligns with the SEC’s broader policy shift towards faster approval timelines for crypto ETFs, including products like XRP and SHIB.
- The SEC waived a typical waiting period, emphasizing that the change enhances market transparency and efficiency.
This adjustment allows Grayscale’s Ethereum ETFs to operate under streamlined regulations similar to other commodity-based trust shares, reducing delays from repeat filings. The SEC retains oversight authority to ensure compliance with safety protocols against fraud.
With this new framework, both ETFs can now trade efficiently under generic standards while adhering to strict regulatory oversight.(Source)
