Representatives from the United States Securities and Exchange Commission (SEC) recently engaged in discussions with Coinbase and Grayscale regarding the pending spot Ethereum exchange-traded funds (ETFs).

While Coinbase delivered a presentation regarding Ethereum ETFs to the financial regulator, Grayscale focused on the potential listing of the Grayscale Ethereum Trust on NYSE Arca.

Coinbase, Grayscale Discuss Ethereum ETFs

According to Coinbase, potential Ethereum ETF shares would fall under commodity-based shares, similar to Bitcoin ETFs. The firm emphasized that the Commission’s reasoning behind approving spot Bitcoin ETPs holds, if not stronger, for Ethereum.

Additionally, Coinbase highlighted data demonstrating the robustness of Ethereum futures and spot markets, comparable to Bitcoin’s.

“As with Bitcoin, the Exchange’s comprehensive surveillance-sharing agreement with the CME will assist in surveilling for fraud and manipulation,” Coinbase affirmed.

Read more: How To Buy Ethereum (ETH) With a Credit Card: A Step-by-Step Guide

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Author: Oluwapelumi Adejumo

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