Updated: March 8, 2024, 2:05 PM EST
Grayscale and Coinbase held another round of talks with federal regulators this week, making progress on plans to launch an Ethereum spot exchange-traded fund.
The companies on Wednesday attempted to allay concerns from the Securities and Exchange Commission (SEC) about the safety of a spot ether ETF that could expose investors to price fluctuations in the second-largest cryptocurrency by market capitalization. Grayscale is undergoing a failed conversion. Ethereum ETH
+1.17%
Coinbase’s presentation at the meeting was posted on the SEC’s website.
Bitcoin and Ethereum prices hit record highs on Friday, surpassing $70,000 and $4,000, respectively.
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About the author
Elizabeth Napolitano is a data reporter covering business and technology news with a focus on cryptocurrency. Before she joined The Block, Elizabeth reported on BigTech, AI, cryptocurrency, and video games for CBS Moneywatch. As a CoinDesk reporter, she covered DeFi, NFTs, and US courts. She received a master’s degree in journalism from CUNY. X: Follow her at @LizKNapolitano.