Grayscale, Coinbase Meet with SEC on Spot Ether ETF

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

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Trust in ETFs is a move that could further expand investor access to cryptocurrency-based investment options.

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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