Grayscale Halts Ethereum (ETH) Futures ETF Proposal to SEC: A Major Shift in Crypto Investment Strategy

• Grayscale, a leading crypto asset manager, has withdrawn its application to the SEC for an Ethereum futures ETF.
• The firm has not provided a reason for the withdrawal, which comes after multiple delays by the SEC in reviewing the proposal.
• Analysts speculate that the withdrawal could be a strategic move, potentially paving the way for a legal showdown or a re-filing of an amended application.

Grayscale, a prominent crypto asset manager, has unexpectedly withdrawn its application for an Ethereum futures ETF to the SEC. The move has sparked speculation and uncertainty in the crypto market.

Grayscale Withdraws Ethereum Futures ETF Application

Grayscale, a leading name in the crypto asset management sector, has withdrawn its rule change application to the Securities and Exchange Commission (SEC) for an Ethereum futures exchange-traded fund (ETF). The firm has not provided a specific reason for the withdrawal, which was announced on Tuesday. The proposed Grayscale Ethereum Futures Trust ETF had faced multiple delays from the SEC since it was first filed on September 19, 2023.

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