SEC Approves Grayscale's Ethereum Trust for NYSE Arca Listing

According to PANews, the U.S. Securities and Exchange Commission (SEC) has approved Grayscale's Ethereum Trust and Mini Trust for listing under NYSE Arca's new Rule 8.201-E. This change allows related exchange-traded funds (ETFs) to be listed and traded without separate SEC approval, aiming to streamline the process and enhance market competitiveness. Grayscale may expedite the ETF conversion of other funds. Additionally, other issuers are expected to use this framework to advance the listing of ETFs for assets like XRP and Solana.