SEC Finally Clears Grayscale’s ETH ETFs – Crypto Approval Just Got Easier! 😏

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The U.S. Securities and Exchange Commission (SEC), in its infinite wisdom, has decided to bless Grayscale’s Ethereum Trust and Ethereum Mini Trust with approval under the shiny new Rule 8.201-E. This means these funds can now list on NYSE Arca without the usual bureaucratic hurdles of case-specific approvals. How efficient, right? 🚀

Adopted earlier this month, this oh-so-revolutionary rule allows commodity-based trust shares to be listed without the SEC giving its usual thumbs-up, as long as they meet some “defined criteria.” For Grayscale, this is a golden ticket to compliance, sweeping aside the pesky obstacles that have previously slowed the roll-out of Ethereum-based products onto public markets. It’s almost like they’ve been handed a cheat code! 🎮

Generic ETF Rule: The SEC’s Way of Saying “Maybe We’re Not That Old-Fashioned” 😅

This move is not just a simple approval. No, no-it’s a declaration of a new era in SEC handling of crypto-linked funds. Grayscale can now apply this same shortcut to other digital assets in their portfolio, potentially fast-tracking the arrival of altcoins beyond Ethereum. Expect the usual suspects like XRP and Solana to line up next. Because why not? 💸

And here’s the kicker: this could signal the beginning of a regulatory thaw. Sure, the SEC is still mulling over spot ETF applications for other crypto assets, but the acceptance of a generic framework shows that, maybe-just maybe-they’re starting to get comfortable with the idea of crypto exposure. But let’s not get too excited. They’re still making sure everything is “just right.” 🙄

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2025-09-24 10:13