US SEC approves Grayscale’s 19b-4 filing for Ethereum Mini ETF

According to documents disclosed on the official website of the U.S. SEC, the U.S. SEC approved the Grayscale spot Ethereum Mini ETF, approved the rule change order for listing and trading Grayscale Ethereum Mini Trust and ProShares Ethereum ETF shares. In response, James Seyffart, senior ETF analyst at Bloomberg, said, "I think this means that the Mini Ethereum ETF will be launched at the same time as other ETFs. ETH will be seeded with 10% of ETHE assets from the beginning. This should help alleviate some potential capital outflows. However, the fees for both are still unknown. This is a 19b-4 approval, which all other issuers already have. This just means that the Grayscale Ethereum Mini Trust ($ETH) and the ProShares Ethereum ETF are likely to be launched at the same time as other ETFs. Still need to wait for approval of the S-1 document, which has not yet been obtained, but is expected to be next week.