Grayscale Unexpected Withdrawal From ETH Futures Application

The post Grayscale Unexpected Withdrawal From ETH Futures Application appeared first on Coinpedia Fintech News

Grayscale has shockingly withdrawn its Ethereum futures ETF application. Bloomberg ETF James Seyffart refers to the move as ‘trojan horse’ strategy that he suggested of Grayscale replicating similar circumstances that led to GBTC Bitcoin ETF approval, while Grayscale totally took a step back. Seyfartt speculates that the move could be influenced by SEC to withdraw the application. As per Eleanor Terett, SEC’S continued delay for spot ETF approval and subdued demand for existing ETH future ETFs might have led to Grayscale’s withdrawal.