Grayscale, Coinbase meet with SEC about spot Ethereum ETFs

Grayscale and Coinbase held another round of talks with federal regulators this week, making progress in their plans to launch an ether spot exchange-traded fund.

On Wednesday, the companies tried to alleviate the Securities and Exchange Commission's (SEC) concerns about the safety of a spot ether ETF, which would expose investors to the price movements of the second-largest cryptocurrency by market cap. Grayscale is currently in the process of converting its failed Ethereum ETH Trust into an ETF, a move that could further expand investors' access to crypto-based investment options.

A presentation by Coinbase presented at the meeting was posted on the SEC's website.