Grayscale filed an S-3 document to register Ethereum Trust shares, aiming to convert it into an ETF.

Grayscale Investments filed an S-3 document with the SEC to register shares of its Grayscale Ethereum Trust under the 1933 Securities Act, a step towards converting Ethereum Trust into an ETF. The SEC delayed decisions on BlackRock and Grayscale applications for spot Ether ETFs and extended the decision on Grayscale's application to June 23. Grayscale filed an S-3 prospectus and an NYSE Arca form 19b-4 to convert its Ethereum Trust into a spot ETH ETF, with shares listed under the ticker "ETHE."