The SEC has approved two Ethereum spot exchange-traded funds (ETFs) - Grayscale Ethereum Mini Trust and ProShares Ethereum ETF - for listing on the NYSE's Arca platform.
The SEC approved eight spot ethereum ETF 19b-4 filings on May 23. According to the regulator’s notice, NYSE Arca obtained permission to list the Grayscale Ethereum Trust and the Bitwise Ethereum ETF. Nasdaq is approved to list Blackrock’s Ishares Ethereum Trust. BZX Exchange can list the Vaneck Ethereum Trust, the ARK 21shares Ethereum ETF, the Invesco Galaxy Ethereum ETF, the Fidelity Ethereum Fund, and the Franklin Ethereum ETF. Earlier this month, Cathie Wood’s Ark Investment Management reportedly withdrew from the race to launch a spot ether ETF, as Ark’s name was removed from the application filed with 21shares.
In an important step in the evolution of the Ethereum network, the Dencun update was activated on the Goerli test network on January 17, marking a significant step towards the implementation of the Ethereum mainnet hard fork. This update introduces a number of technical changes necessary to transition to Danksharding and increase blockchain throughput.
Grayscale acknowledges Ethereum's potential as the "safest, most reliable, and largest-cap smart contract platform," suggesting that Ethereum's security-as-a-service model could significantly enhance the ecosystem by extending solutions to additional networks through bridges or oracles.
Researchers note an 83% increase in staked ETH in 2024, boosting the blockchain's security budget to $82 billion.
