The U.S. Securities and Exchange Commission (SEC) has asked for public comment on proposals for spot Ethereum ETFs from major firms including Grayscale, Fidelity, and BitwiseInvest. This move has sparked discussions in the cryptocurrency community, particularly regarding Grayscale's Ethereum ETF, $ETHE, which is currently trading at a 24% discount relative to its net asset value (NAV), a significant widening from an 8% discount earlier this month, as approval hopes dim. The SEC's actions, including an investigation into the Ethereum Foundation and its proof-of-stake system, are seen as pivotal moments that could influence the approval process for these ETFs. The situation is closely monitored by investors and industry observers, many of whom remain cautious about the prospects of Ethereum ETFs following the precedent set by bitcoin ETF approvals.