Grayscale Cancels Ethereum (ETH) Futures ETF Application Ahead of SEC Verdict

• Grayscale Investments, the world’s largest cryptocurrency asset manager, has withdrawn its application for an Ether futures exchange-traded fund (ETF) just three weeks before the US Securities and Exchange Commission (SEC) was set to rule on several spot ETH ETFs.
• The sudden withdrawal has left analysts and the market in confusion, with speculation that the futures ETF was a strategic tool to pressure the SEC into approving a spot Ether ETF.
• Despite the withdrawal, the fate of spot Ethereum ETFs remains uncertain as the SEC has not provided a specific timeline for a decision.

Grayscale Investments withdraws its Ether futures ETF application ahead of SEC decision, leaving the fate of spot Ethereum ETFs hanging in the balance.

Grayscale Withdraws Ether Futures ETF Application

Grayscale Investments, the world’s largest cryptocurrency asset manager, has withdrawn its application for an Ether futures ETF just weeks before the SEC was set to rule on several spot ETH ETFs. The application, filed in September 2023, proposed an ETF that would track Ether futures contracts on the Chicago Mercantile Exc... Read the full article for FREE at COINOTAG!