Ramazan Eles 
Grayscale and Coinbase engaged in further discussions with federal regulators this week, progressing in their efforts to launch a spot ether exchange-traded fund (ETF).
On Wednesday, the companies aimed to address the Securities and Exchange Commission (SEC)’s concerns regarding the safety of a spot ether ETF. Such an ETF would expose investors to the price fluctuations of the second-largest cryptocurrency by market cap. Grayscale is currently in the process of transforming its unsuccessful Ethereum Trust into an ETF, potentially broadening investors’ access to cryptocurrency-based investment opportunities.
Coinbase delivered a presentation during the meeting, and details of the discussion were subsequently posted on the SEC’s website.
These discussions come on the heels of the SEC’s recent approval of more than a dozen spot bitcoin ETFs, a development that contributed to significant price surges across various cryptocurrencies and heightened investor interest in crypto investment products.
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