The Grayscale Ethereum Trust's discount narrowed to 1.24%.

Odaily Odaily News The Block data shows that as of June 26, the negative premium rate of Grayscale Ethereum Trust (ETHE) narrowed to 1.24%. Earlier today, industry executives and other participants revealed that the U.S. Securities and Exchange Commission (SEC) may approve the spot Ethereum ETF as early as July 4, as negotiations between asset management companies and regulators have entered the final stage. Asset management companies including BlackRock, VanEck and eight others are seeking SEC approval for these funds. They said the process of revising the offering documents has progressed to the point where only "minor" issues need to be resolved. A lawyer working with one of the issuing companies also said that this only requires "final touches" and approval may not take more than a week or two. ETF analyst Eric Balchunas had previously expected approval as early as July 2.