Grayscale Investments has filed with the U.S. Securities and Exchange Commission (SEC) to convert its Ethereum Trust (ETHE) to a spot Ethereum exchange-traded fund (ETF). The Ethereum Trust is the largest Ether investment product in the world, with nearly $5 billion in assets under management.Meanwhile, Shiba Memu’s presale has surpassed the $3.5 million mark. The project is close to reaching its target for this round. Shiba Memu is a meme token project that will develop a platform to leverage the powers of AI and blockchain technology to create an unstoppable, entirely self-sufficient marketing powerhouse.The platform will handle the work of numerous marketing agencies and generate exciting content to help companies and individuals market their products and services. It will operate on two major blockchains, Ethereum and BNB Chain.The Shiba Memu presale has generated strong interest from investors, and the team is directing the funds raised towards the development of the platform’s primary product, the Shiba Memu AI technology.As investors prepare for the next Bitcoin halving in 2024, they are on the lookout for exciting projects. Shiba Memu could be one of the projects to benefit from the next bullish cycle. Market analysts are now expecting Bitcoin and other cryptocurrencies to rally over the next few months, and Shiba Memu could be a big winner thanks to its value proposition to investors and users.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	8
People	None
Companies	NYSE Arca, Shiba Memu, BNB Chain, Grayscale Investments, U.S. Securities and Exchange Commission (SEC)
Currencies	US Dollar, BNB, Ethereum, Shibalana, Bitcoin
Securities	None