Grayscale’s chief legal officer Craig Salm isn’t deterred by the SEC’s perceived “lack of engagement” with spot Ether ETF applicants and expects them to be approved in May.
Important details concerning the creation and redemption procedures, cash and in-kind models, asset protection, loss prevention and custody “were figured out” in the spot Bitcoin ETF applications, the Grayscale executive explained.exchange-traded funds will be approved in May despite recent “chatter” about the U.S. securities regulator’s “lack of engagement” with applicants.
“So in many ways, the SEC already has engaged and issuers simply have less to engage on this time," he said, adding:However, ETF issuers looking to incorporate staking into their spot Ether ETFs would have an additional issue to “hash out” with the regulator.
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