US SEC approves Grayscale Ethereum ETF to be included in the Common Listing Framework

On September 24th, Crypto Briefing reported that the U.S. Securities and Exchange Commission (SEC) has officially approved the listing of Grayscale's Ethereum Trust and its Mini Trust under the newly introduced General Rule 8.201-E of the New York Stock Exchange's Arca section.

The introduction of this rule marks a significant regulatory shift, allowing qualified trust products to be listed and publicly traded directly on exchanges without requiring case-by-case SEC approval, significantly improving the efficiency and flexibility of product launches.

This regulatory adjustment not only simplifies the process for converting trust products into exchange-traded funds (ETFs), but also helps enhance market competitiveness and product diversity. Grayscale is expected to leverage this opportunity to accelerate the ETF conversion of its other crypto asset trust funds, further broadening compliant investment channels. Notably, this framework also provides a clear reference path for other issuers.

In the future, various crypto assets, including XRP and Solana, are expected to apply for and list ETFs based on similar rules, providing investors with a richer and more convenient digital asset allocation tool. This progress is seen by the market as a key step in the evolution of crypto assets into mainstream financial products, and is expected to further promote the compliance and institutionalization of the industry.