The asset director, which focuses on encryption, concludes $ 150 million of ether after offering the products circulating on the Stock Exchange (ETPS) on Monday.
Ether Asset Management Company Company (ETH) with a value of $ 150 million, According to To Blockchain Data Data Plastic platform.
The conversion occurred one day after a gray introduction to his steps for ETHER ETPS, making it the first source of the US -based encryption boxes that provide a negative and fundamental income for his money.
This ETP move from Grayscale and its shareholders allows to start earning a negative income through Staking Bonuses at $ 150 million. These exciting rewards will be dealt with as “fund assets”, according to Grayscale’s etp stokeing policy.
The fund’s contributors will receive the sponsor and critical fees, up to 77 % of the total bonuses generated with the Trayscale’s ethereum and about 94 % with ETHEREUM MinI Trust, based on the drawing structures that were revealed in SEC files.
Both gray ethereum Confident ETF (ETHE) and Grayscale Ethereum Mini Confident ETF (ETH) are products circulated on the stock exchange under the Securities Law of 1933, and not the Act of the Investment Company for 1940, the latter is the regulatory framework used in traditional investment funds.
This makes ETPs differently different from the circulating investment funds governed by the 1940 law.
It is expected that additional funds on the ether supported by the Ether will receive a response from the US Securities and Stock Exchange Committee (SEC) in October.
Related to: Korean retail capital that leads the price of the ether, the Treasury demand: Samsun Mo:
SEC faces the appointments on 16 altcoin etps in October
October is formed as a promising month for Crypto, with 16 Crypto ETP application in the SEC calendar for this month.
Of the 16 -year -old, at least awaiting coding boxes during the month, including Ethereum Core Core for 21shares ETF (Teth) Cabinet scheduled on October 23 and Blackrock’s Ishares Ethereum Confident (Etha) ETP modification that seeks to add Stokeing bonuses expected on October 30.
The Atheer Fund was registered on 21 Shares under the Securities Law of 1933, making it ETP, such as Ramadi ETHE ETPS.
Related to: Global aging and wealth were seen promoting encryption until 2100
Meanwhile, ETF Rex -Sprey Solana Staking was launched in July, as the first Solana (Sol) Stoke Etf under The 1940 Investment Company Law, which allows Crypto ETFS as the majority of its immediate assets and the distribution of Staking bonuses when necessary.
Solana’s Solana’s Fund, Grayscale Solana Trust (GSOL), enables savings and is awaiting organizational approval to include in ETP.
However, the constant government closure may slow the organizational response to Crypto ETP applications, where SEC said it will work “under modified conditions” with “a very limited number of employees” until the funding bill is passed.
With the absence of a clear decision on the horizon, the Senate is scheduled to restore the financing bill later on Tuesday, after Republicans and Democrats failed to agree for the fifth time on Monday.
Government closure also increased the appetite for investors to cryptocurrencies and decentralized assets, driven by the uncertainty.
Crypto Etps witnessed its highest flow last week after the government closed, as it recorded $ 5.95 billion in cumulative investments.
Journal: Altcoin Season 2025 is almost here … but the rules have changed
The post Grayscale Stakes $150M ETH, Industry Awats Staking ETP Approval first appeared on Investorempires.com.
