Grayscale CLO: The SEC has been involved in Ethereum ETF-related discussions for a long time, and the current inactivity should not indicate a certain outcome

PANews reported on March 26 that Craig Salm, chief legal officer of Grayscale, posted on the X platform: "Recently, there has been a lot of discussion about spot Ethereum ETFs. Personally, I think ETFs should be approved. But now I want to talk about how I think the issue of 'lack of SEC involvement' should be viewed at this point: in the final months leading up to the approval of the Bitcoin ETF, Grayscale and other issuers received active and constructive participation from the SEC. We had a thoughtful conversation about the details of the creation/redemption process, cash vs. in-kind, AP, LP, escrow, and more. All of these issues have been resolved and are the same when comparing spot Bitcoin and Ethereum ETFs. So, in many ways, the SEC is already involved, but the issuers are less involved this time. Maybe I feel a little different as the final approval/rejection date at the end of May 2024 approaches, but at this point, I don't think the lack of involvement from regulators should be indicative of some outcome. ”