{"id":20080,"date":"2024-05-09T13:56:01","date_gmt":"2024-05-09T13:56:01","guid":{"rendered":"https:\/\/coinengineer.io\/?p=20080"},"modified":"2024-05-09T13:56:01","modified_gmt":"2024-05-09T13:56:01","slug":"grayscale-ceo-is-optimistic-on-ethereum-etf-approval","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/grayscale-ceo-is-optimistic-on-ethereum-etf-approval\/","title":{"rendered":"Grayscale CEO is Optimistic on Ethereum ETF Approval"},"content":{"rendered":"<p>According to reports, Jeffrey Sonnenshein, CEO of <a href=\"https:\/\/coinengineer.net\/blog\/gbtc-sees-first-daily-inflows-since-etf-conversion\/\">Grayscale<\/a>, is &#8220;optimistic&#8221; about the prospects of <strong>Ethereum ETF<\/strong> certification.<\/p>\n<p>The head of the most recent bitcoin asset management firm has expressed the expectation that the agency will act in a manner that is &#8220;the right thing.&#8221;<\/p>\n<p>Following the delay that occurred in November, Grayscale has now withdrawn its application for an <strong>Ethereum ETF<\/strong>, as reported by U.Today. To secure a <a href=\"https:\/\/www.investopedia.com\/terms\/s\/sec-form-19b-4.asp\">19b-4 order<\/a> from the SEC, it was a Trojan horse filing, according to James Seyffart, an analyst who specializes in <strong>ETFs<\/strong>.<\/p>\n<p>However, according to a number of analysts, Grayscale&#8217;s decision to withdraw from the transaction most certainly indicates that the company will not pursue any additional legal action against the SEC.<\/p>\n<p>Grayscale achieved a significant victory over the agency in August of last year, which ultimately opened the way for the introduction of a number of Bitcoin <strong>ETFs<\/strong>\u00a0in January of this year.<\/p>\n<p>Following several months of continuous hemorrhaging, Grayscale&#8217;s GBTC has just lately reported its first days of inflows.<\/p>\n<p>In spite of the fact that <strong>ETFs<\/strong> for Bitcoin have been quite successful, it is generally believed that the Securities and Exchange Commission (SEC) would reject multiple applications for <strong>Ethereum ETFs<\/strong> in March due to the complete lack of engagement with <strong>ETF<\/strong> issuers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to reports, Jeffrey Sonnenshein, CEO of Grayscale, is &#8220;optimistic&#8221; about the prospects of Ethereum ETF certification. The head of the most recent bitcoin asset management firm has expressed the expectation that the agency will act in a manner that is &#8220;the right thing.&#8221; Following the delay that occurred in November, Grayscale has now withdrawn<\/p>\n","protected":false},"author":6,"featured_media":20081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[2096,4271],"class_list":["post-20080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-ethereum-etf-approval","tag-grayscale-ceo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Grayscale CEO is Optimistic on Ethereum ETF Approval - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Grayscale&#039;s CEO Jeffrey Sonnenshein remains optimistic about Ethereum ETF approval, following earlier withdrawal of an application.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/grayscale-ceo-is-optimistic-on-ethereum-etf-approval\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grayscale CEO is Optimistic on Ethereum ETF Approval - 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