American investment company WisdomTree has requested to withdraw its Ethereum Trust registration statement three years after submission to the US Securities and Exchange Commission (SEC). This development comes a few hours after fellow asset manager VanEck closed down its Ethereum futures ETF citing a lack of demand.
WisdomTree To Terminate Ethereum ETF Registration
In a filing on September 6, WisdomTree approached the SEC to retract the S-1 registration form of the exchange-traded fund known as “WisdomTree Ethereum Trust”. The American asset manager first filed this registration statement on May 27, 2021, seeking to launch an ETF that offered investors exposure to Ethereum but with lower costs and fewer liabilities.
A statement from the application read:
In seeking to achieve its investment objective, the Trust will hold ether and will value its Shares daily based on the [CF Ether-Dollar US Settlement Price], which is an independently calculated value based on an
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