According to BlockBeats, on July 18, documents disclosed on the official website of the U.S. Securities and Exchange Commission (SEC) revealed that the SEC has approved the Grayscale Ethereum Mini ETF. The approval includes the listing and trading of shares of the Grayscale Ethereum Mini Trust and the ProShares Ethereum ETF, along with the rule change order for these shares.
Bloomberg Senior ETF Analyst James Seyffart commented on the approval, stating, 'I believe this means the Ethereum Mini ETF will be launched alongside other ETFs. ETH will initially use 10% of ETHE assets for seed investment. This should help alleviate some potential outflows. However, the fees for both remain unknown.'
This is a 19b-4 approval, which all other issuers already have. It simply means that the Grayscale Ethereum Mini Trust ($ETH) and the ProShares Ethereum ETF are likely to be launched simultaneously with other ETFs. Approval for the S-1 documents is still pending, but it is expected to be received next week.