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The U.S. Securities and Exchange Commission (SEC) has approved the listing of the Grayscale Bitcoin Trust (GBTC) on the NYSE Arca exchange. This endorsement marks a significant milestone, as GBTC will operate as one of the first spot Bitcoin Exchange Traded Funds (ETFs) in the United States#圣诞愿望# #ChristmasWish# #ContentStar# . #HotTopicDiscussion# #Gate post Highlights# #Thanksgiving#

Great News for Ethereum Investors from Grayscale! Date Announced Grayscale Investments announced a significant update to Ethereum investment options. Accordingly, the distribution of Grayscale Ethereum Mini Trust shares will begin on July 18, 2024. The expected listing of ETH Trust on NYSE Arca will proceed depending on the regulatory approval process. New Rights Exclusive to ETHE Shareholders According to the announcement made by Grayscale, on July 18, 2024, ETHE shareholders will receive new ETH Trust shares in proportion to their holdings. From this date onwards, ETHE will transfer 10% of its Ethereum assets to ETH Trust and each ETHE share will be exchanged for one ETH Share. This move aims to diversify shareholders' cryptocurrency investment options and enhance value proposition. ETH Trust, subject to regulatory approvals, plans to trade on NYSE Arca with the symbol “ETH”. In line with Grayscale's strategy to expand its cryptocurrency investment products, this new product will target long-term investors and offer lower fees. However, this process will proceed subject to SEC approval and acceptance by NYSE Arca. Tax Benefits for Shareholders According to the announcement made to the Securities and Exchange Commission (SEC), this stock distribution does not require any payment or transaction from ETHE shareholders. The distribution date has been set as July 19, 2024, but legal and procedural factors may affect this schedule. Grayscale expects this distribution to be tax-exempt for US federal income tax purposes. Grayscale applied for the establishment of Grayscale Ethereum Mini Trust in April, promising lower fees for this new product. Additionally, the company has taken the necessary regulatory steps for the launch of the spot Ethereum ETF. The registration date set by Grayscale for the initial distribution of Ethereum Mini Trust shares in the current process is an important step in the company's strategy to expand its cryptocurrency investment offerings. This development also indicates an increased interest in cryptocurrency-based investment instruments, in addition to providing additional investment options to shareholders. #CryptoObservers# #ContentStar##Gate post Highlights# #HotTopicDiscussion##BountyCreator# #GateLive##NewsMessenger#

📆 Flash News 18/07/2024 1️⃣The SEC approved two spot Ethereum ETFs for listing on NYSE Arca, and fees for all nine spot Ethereum ETFs are disclosed. 2️⃣Nine US spot Bitcoin ETFs added 5,763 BTC yesterday. 3️⃣Grayscale launched a decentralized AI fund including NEAR, FIL, and RNDR. 4️⃣Blast reduced cross-chain time to the Ethereum mainnet to 7 days. 5️⃣The Sei Foundation launched a $50M Japan Ecosystem Fund.

Breaking News 2024/07/18 1. The SEC has approved the listing of two ETH spot ETFs on the NYSE Arca, and the expenses of 9 spot ETH ETFs have been disclosed. 2. Nine US BTC ETFs increased their holdings by 5763 BTC yesterday. Grayscale launches a new fund for Decentralization artificial intelligence, with projects mainly including NEAR, FIL and RNDR. 4.Blast reduces the Cross-Chain Interaction time to the ETH mainnet to 7 days. 5. SEI Foundation launches a $50 million Japanese Ecosystem Fund.

The market is generally bullish on the price of ETH.