Grayscale's Ethereum ETF Undergoes 240-Day Review, Bitcoin ETF Expected in January

Grayscale Investments has submitted an application for an Ethereum ETF, starting a 240-day review process by the Securities and Exchange Commission (SEC). This comes as the SEC is expected to make decisions on several Bitcoin ETF applications, potentially leading to increased liquidity in the market. Grayscale has been seeking approval for a Bitcoin ETF for years and is expected to receive approval in early January, coinciding with a deadline for a Bitcoin ETF application by Ark Invest. The SEC's approval process involves two parts: one for exchanges to list crypto ETFs and another for individual companies to issue them.