Grayscale Implies SEC Approves Ethereum, Ripple Censured

Leading digital asset manager Grayscale Investments has filed a request to the U.S. Securities and Exchange Commission (SEC) to transform its combined crypto fund into an exchange-traded fund (ETF). The conversion, which follows Grayscale’s recent success in transforming its Bitcoin (GBTC) and Ethereum (ETHE) funds, and smaller variations of both, into ETFs, may see the new fund listed on the New York Stock Exchange (NYSE) if approved. Meanwhile, Canary Capital is reportedly planning to launch a Litecoin ETF, following encouraging regulatory signs.

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