A proposal to list and trade shares of prominent asset manager Grayscale’s Ether futures exchange-traded fund (ETF) has been withdrawn, as per a new document filed on Tuesday.
The filing by the US Securities and Exchange Commission (SEC) revealed that the application for the Grayscale Ethereum Futures Trust ETF, filed by NYSE Arca, Inc. in September last year, was withdrawn on May 3.
Previously, the agency had delayed consideration of Grayscale’s ether futures ETF, with the most recent postponement occurring in March.
However, the SEC had approved a batch of ether futures ETFs in October 2023, including those from ProShares, VanEck, and Bitwise.
Bloomberg ETF analyst James Seyffart was the first to point out the development. Initially, Seyffart believed that Grayscale had a strategic plan to use its ether futures ETF to influence the securities regulator into approving its spot ETH ETF.
He found it puzzling that Grayscale withdrew its application, particularly with the SEC schedule
We współpracy z: https://cryptopotato.com/grayscales-ether-futures-etf-application-pulled-reason-not-disclosed/
