🔵 Grayscale has just filed to convert their $5 billion Ethereum private trust, $ETHE, into a spot ETF

:large_blue_circle: Grayscale has just filed to convert their $5 billion Ethereum private trust, $ETHE, into a spot ETF.

This is HUGE for Ethereum, and here’s why:

We’re already aware of the profound impact an ETF has had on the Bitcoin market, but Ethereum’s market cap stands at only $200 billion.

It’s likely that the SEC won’t deny this spot ETF, especially since a very similar 2x futures ETF was approved just a week ago.

VanEck just launched Ethereum Futures ETF.

Grayscale filed to convert the Ethereum Trust into a spot ETF.

Most likely BlackRock is coming next with an Ethereum Spot ETF application.

#crypto #cryptonews

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Great news… Thanks

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Thanks for sharing the info

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Thanks for the information

#crypto #cryptonews

Bullish news

Hmm what does this mean for the crypto space

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Thanks great sharing

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Thanks for the news

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