Overview

• On September 19, 2025, the SEC allowed NYSE Arca to move the Grayscale Ethereum Trust and Ethereum Mini Trust onto generic listing standards, ending the need for case-by-case approvals.
• NYSE Arca said the amendment eliminates unnecessary delays and streamlines trading for Ethereum-based products.
• Both funds now operate under the same framework used for commodity-based trust shares, reflecting a broader SEC shift toward consistent rules and greater transparency.
• The SEC has indicated faster review timelines for additional crypto ETPs, with products tied to XRP, SHIB, and HBAR expected to move more quickly through the process.
• Not all assets qualify immediately, as shown by the SEC’s recent delay on Grayscale’s proposed Cardano ETF.