And on May 30th, Grayscale also submitted an application to convert its Ethereum Trust (ETHE) into an Ethereum spot ETF. Grayscale Ethereum Trust was launched in March 2019 and is the largest ETH investment tool globally, with current assets under management of $11 billion. The discount on its shares has also decreased from 25% to 1.31% as the approval of the ETF approaches.
SEC demands Ethereum ETF issuer to submit S-1 amendment by Friday