Grayscale Follows the Footsteps of Its World Giant Rivals for Ethereum!

Grayscale, one of the largest cryptocurrency management companies, presented its updated file for the Ethereum ETF.

Grayscale has filed its updated S-3 filing with the U.S. Securities and Exchange Commission (SEC). This move comes a day after BlackRock filed its updated S-1 filing.

It was noted in the document that it would take approximately 0.94552590 Ethereum to create 100 shares and 94.552590 Ethereum to create 10,000 shares.

More registration filings are expected shortly, as the SEC is asking issuers to submit their drafts by Friday, May 31. Trading in ETFs will not begin until registration statements become effective.

Taking action recently, BlackRock submitted an updated version of its S-1 filings to the US Securities and Exchange Commission (SEC). More companies are expected to complete their S-1 filings in the coming days.

The US Securities and Exchange Commission (SEC) approved the 19b-4 filings for the spot Ethereum ETF last week, creating great excitement in the market. However, these ETFs also require S-1 approval to begin trading.