Grayscale Investments filed paperwork with the Securities and Exchange Commission Tuesday for a new exchange-traded fund tracking ether futures. The ETF is filed under the Securities Act of 1933, the regulation under which commodities and [spot bitcoin ETFs](https://www.
STAMFORD, Conn., Sept. 18, 2023 (GLOBE NEWSWIRE) -- Grayscale Investments®, the world’s largest digital currency asset manager and the sponsor of Grayscale Ethereum Trust (OTCQX: ETHE) and manager of Grayscale Digital Large Cap Fund (OTCQX: GDLC) (each a “Product” and collectively, the “Products”), announced today that on behalf of the record date shareholders of each Product as of the close of business on September 26, 2022 (the "Record Date Shareholders"), it has irrevocably abandoned all of t
Crypto executives met with lawmakers on Capitol Hill on Thursday in a bid to create new rules of the road for crypto. Grayscale CEO Michael Sonnenshein was in those meetings and spoke with Yahoo Finance's Jennifer Schonberger about how they went. Sonnenshein says he was "encouraged" by the meetings, adding that there's a "ton of optimism." There have been some efforts to pass crypto legislation, including a bill from Senators Lummis and and Gillibrand, of which Sonnenshein says "having this type of momentum around these bills and the frameworks that they provide, these are the types of engagement that we're seeing from members... we've never seen before." On the ongoing legal fight over Grayscale's bid to convert its Grayscale Bitcoin Trust (GBTC) to an ETF, Sonnenshein says that right now, the company has to be patient, given that the Securities and Exchange Commission has 45 days to review and appeal the judge's ruling.