Bloomberg Intelligence ETF Analyst James Seyffart provided updates on the ETH-spot ETFs:
- Grayscale filed an S-3/prospectus for converting ETHE.
- SEC delayed approval or disapproval of rule changes from Grayscale and Franklin.
- BlackRock filed an amended 19b-4 ETH ETF application.
Bloomberg Intelligence Senior ETF analyst Eric Balchunas had this to say about the activity in the ETH-spot ETF space,
“Great summary of all the action.. which looks like a final nudge to try and get the SEC’s attention, altho most likely in vain. We were pessimistic on approval bf it was cool and we’re pessimistic now too.”
Ethereum (ETH) bucked the broader market trend on Tuesday (April 23), gaining 0.54% to end the session at $3,120. Increased activity in the ETH-spot ETF space likely contributed to the gains.
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