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© Reuters
Following the approval of the primary Ether (ETH) futures exchange-traded fund (ETF), Grayscale Investments is trying to convert its Grayscale Belief to a spot Ether exchange-traded fund (ETF).
The New York Inventory Alternate Arca filed for the conversion with the USA Securities and Alternate Fee (SEC) on Oct. 2. Grayscale’s current belief invested in Ether futures contracts as an oblique technique of publicity to ETH, however a spot ETF will spend money on the underlying asset itself.
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