Grayscale Investments CEO: Will focus on converting Ethereum trust fund into a spot ETF product

ChainCatcher news, according to DL News, Grayscale Investments CEO Michael Sonnenshein stated at an event in London hosted by the Financial Times on Wednesday that the company will focus on converting its Ethereum trust fund into a spot ETF product.

Sonnenshein said: "Asset management companies are withdrawing applications because many futures products are already available for investors. Sometimes we apply for products, but that doesn't necessarily mean they will enter the market."