🚀 Grayscale Investments files for SEC approval to convert its Ethereum Trust to an ETF! 💼

- Grayscale, in partnership with NYSE Arca, seeks to convert the Grayscale Ethereum Trust (ETHE) into a spot ethereum exchange-traded fund (ETF)

- ETHE is the world's largest ether investment product, with nearly $5 billion in assets under management

- Grayscale CEO Michael Sonnenshein says the move is a "natural next step" to bring Ethereum further into the U.S. regulatory framework

- The company also awaits SEC approval to convert its Grayscale Bitcoin Trust (GBTC) into an ETF

What are your thoughts on Grayscale's push for ETFs? Let us know in the comments! 👇