The SEC has approved applications from Grayscale and ProShares to launch ETH-ETFs!
👀 The SEC has approved applications to launch a mini-ETF based on Ethereum from #GRAYSCALE and an #exchange -traded fund from ProShares.
💰🚀 Trading of these instruments is expected to start on July 23 — by this date, other issuers of spot #ETHETFS will have fully complied with the SEC's requirements.
The products do not currently include staking, but this may change in the future.🤔
