Grayscale to focus on ETH spot ETF conversion

Grayscale CEO Michael Sonnenshein said at a London event organized by the Financial Times (FT) that the company plans to focus its energy on Ethereum spot products, according to DL News. “We're going to focus on converting the Ethereum Trust into a spot ETF. This is our DNA and core,” he said. ”It's hard to know what the SEC thinks about Ethereum. However, we are optimistic that regulators will do the right thing for investors.” Regarding the recent withdrawal of an application for an Ethereum futures ETF filed with the SEC, he said, “Investors already have access to a number of futures products, which is why we withdrew the application. Just because we file a product does not mean that all products will come to market.”