NYSE Arca successfully presented its application for Grayscale’s Ethereum exchange-traded funds (ETFs) to the U.S. Securities and Exchange Commission (SEC).
Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF have filed a request to gain access to Ethereum’s proof-of-stake system according to the filing made to the U.S. SEC. The ETFs would acquire staking rewards through the system after receiving permission from the SEC while keeping their current custody safeguards.
The regulatory filing that Grayscale submitted permits Ethereum ETFs to participate in Ethereum staking activities. The proposal permits the fund sponsor to engage trusted staking providers to commit to specific Ethereum resources. Grayscale and its affiliates’ procedures will stay within regulatory boundaries as they do not operate as staking providers.
Grayscale has made it clear in the filing that it will directly do the staking work rather than partner with other entities for this purpose. The staking services described in this proposal differ from previous delegated staking services because they operate independently of other entities. The policy stipulates that all staked Ethereum will stay under trust-based custody which addresses security risks.
The regulation modification permits the ETF to earn supplemental earnings by obtaining stakeholder incentives. The fund’s profits will increase due to additional rewards given in the Ethereum form. The proposed decision by the SEC requires an evaluation duration of 45 days.
The SEC reviews Grayscale’s proposal during this period of changing regulatory norms under the Biden administration. The positive regulatory environment currently helps crypto firms submit new ETF applications to the market. This year, Grayscale has submitted proposals to the SEC regarding XRP, Cardano, and Polkadot ETFs.
With increasing regulatory focus on Ethereum ETFs, investors are exploring new crypto presale. The launch of emerging presales presents an opportunity for expansion because institutions are showing increasing interest in digital assets. Aureal One stands out due to its innovative blockchain solutions among all emerging blockchain platforms.
Top 5 New Crypto with High Growth Potential
The cryptocurrency environment has changed significantly with the presales that now offer new opportunities for these early investors to make profits from the most innovative projects. This article aims to introduce you to the top 5 new crypto and it is divided into two sections. Firstly, we will discuss Aureal One along with the other four presale cryptocurrencies. Secondly, we will inform you about the new promising tokens, including the three newcomers.
Top 5 New Crypto to buy now:
- Aureal One ($DLUME)
- DexBoss ($DEBO)
- QuantumX ($QTX)
- EcoChain ($ECOC)
- HealthToken ($HLTH)
1. Aureal One ($DLUME):
Aureal One is a blockchain platform designed especially for gaming and the metaverse. It allows lightning-fast transactions and a minimum amount of gas fees. DLUME, which is its native token, is used to run in-game transactions within various projects.
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he presale price starts at $0.0005 and there is an expectation that it will increase in the live market to over $1.00. Aureal One, with great institutional support and innovative scalability solutions, is considered a very strong company with exceptional potential for growth.
2. DexBoss ($DEBO):
DexBoss is a DeFi trading protocol that’s suitable for experts and beginners alike, with professional-level tools and high liquidity. Its presale began at $0.01 with a discount of 50% and successfully raised $50 million. Being uniquely featured and having high demand in the market, DexBoss is a prime contender in decentralized trading.
3. QuantumX ($QTX):
The Future of AI and Blockchain QuantumX merges artificial intelligence with blockchain technology to provide novel solutions for data security and automation. Through AI-enabled smart contracts and forecasting, it disrupts the way businesses traditionally work with blockchain networks.
4. EcoChain ($ECOC):
EcoChain is all about environmental sustainability in the DeFi space and it also brings out an eco-friendly alternative to the traditional blockchains. Its unique consensus mechanism synergizes energy consumption with the concept and makes it a redeemer in the current era of eco-consumerism.
5. HealthToken ($HLTH):
HealthToken aims to engage the expanding health and wellness sector by providing an incentive to users to adopt a healthier lifestyle. It is the sanctity of a gamified technique that becomes achievable through various healthful practices. The presale begins at $0.01 and it has a fundraising target of $8 million.
Conclusion: The Future of Blockchain Investments
Aureal One and DexBoss are leading the charge in presale cryptocurrency projects, each bringing game-changing innovations to their respective fields. Aureal One is redefining GameFi and the metaverse, positioning itself as a highly profitable venture in blockchain gaming. Meanwhile, DexBoss is revolutionizing decentralized trading, making it more accessible and efficient for investors. By staying ahead of market trends and driving innovation, both projects are attracting strong institutional interest, solidifying their potential to shape the future of crypto investments..
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