The gray scale, the largest digital asset investment platform in the world with more than $ 35 billion in assets under administration (AUM) has first announced an important industry: ETF Ethereum Trust ETF (Ticker: ETHE) of the ETF gray scale (Ticker: ETH) has become the first ETP of suppt cryptocurrencies in the United States to concentrate.
Grayscale also revealed that the Solana Trust (GSOL) gray scale has activated participation, giving investors the means to access Sol through a traditional brokerage account. Waiting for the regulatory approval of the current GSOL list as a product quoted in the stock market, it is expected to become one of the first ETP of Solana with a rethink.
In a tweet, the reporter of the cryptography Eleanor Terrett releases this development, calling it a “great day for cryptography in Wall Street”, and added that “ETPs of ETHE and ETH of Grayscale will add this morning in Market Open and that Gsol, the company’s Solana Trust, has also activated the reference.”
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In this regard, the registration statements have been submitted to the SEC by ETHE, ETH and GSOL for these offers. In context, ETHE and ETH are products quoted in the stock market under the law of the 1940 investment company (Law 40 “) and, therefore, are not subject to the same regulations and protections as 40 ETF registered in the law and mutual funds.
Last month, the SEC delayed decisions about requests to allow participation for ETF Ethereum issued by Blackrock, Fidelity and Franklin Templeton.
ETF file spree continues
Meanwhile, the new ETF applications based on Altcoin continue to be presented continuously, since the main companies show their eagerness to list funds that offer exposure to different cryptocurrencies of Bitcoin and Ethereum.
Last week, the president of Novadius Wealth, Nate Geraci, revealed more than 30 ETFs related to the cryptography presented to the SEC on the afternoon of October 4, pointing out that it could only be the beginning: “Any cryptographic ETF that you can imagine will be presented to the SEC during the next months. They have no idea what is coming,” he added.
