Grayscale Investments, the world's largest Cryptoasset management group, yesterday announced it has filed a Form S-3 registration statement with the U.S. Securities and Exchange Commission (SEC) legally registering Grayscale Ethereum Trust under the Securities Act of 1933, as amended.
Today, we filed a registration statement on Form S-3 to register shares of Grayscale Ethereum Trust (OTCQX: $ETHE ) under the Securities Act of 1933. This is another important step toward uplisting ETHE as an ETF*. (1/6) pic.twitter.com/Siy0fUkXTl
— Grayscale (@Grayscale) April 23, 2024
After NYSE Arca filed Form 19b-4 for Grayscale Ethereum Trust, Grayscale filed Form S-3, another important filing requesting regulatory approval in the company's efforts to upgrade ETHE to NYSE Arca under Ethereum ETF Spot format. Grayscale Ethereum Trust intends to list shares on NYSE Arca under the ticker ETHE and issue shares upon receipt of approval of NYSE Arca's application on Form 19b-4 to list shares and validity of Form S- 3 legal ETF registration.
Besides that, Grayscale also said that it also filed additional documents with the SEC to register shares for a new Ethereum ETF Spot exchange-traded fund called “Grayscale Ethereum Mini Trust” under the symbol “ETH”. . Thus, the two most notable codes, "BTC" and "ETH", are being registered by Grayscale for two funds, "Grayscale Bitcoin Mini Trust" and "Grayscale Ethereum Mini Trust", respectively.
No action is required of shareholders of Grayscale Ethereum Trust. The spin-off is not expected to be a taxable event for ETHE nor its shareholders. Read more on our website: https://t.co/F4cdoOk5In (5/5) pic.twitter.com/wdzYHM4aGo
— Grayscale (@Grayscale) April 23, 2024
Per regulatory mandate, "ETH" will launch as an alternative Ethereum ETF with lower fees and is designed for investors interested in optimizing their Ethereum ETF investment for their investment strategy. buy and hold" in their brokerage or retirement account.
The offering will be made only by means of a prospectus, if available, by email from Grayscale Investments by emailing info@grayscale.com .
The registration statement relating to the shares has been filed with the SEC but has not yet been declared effective. Offers to sell or purchase may not be accepted for shares prior to the effective date of the registration statement.
VIC Crypto compiled
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