In a dramatic twist, Grayscale Investments has withdrawn the 19b-4 filing for its Ethereum Futures ETF. The news was brought to the fore by James Seyffart, Senior Bloomberg ETF Analyst, a development that is stirring new conversations.
Why Did Grayscale Back Down its ETF Push?
It remains unclear the rationale behind the withdrawal of the Ethereum Futures ETF from Grayscale. However, the general market outlook and the prospect of approval have kept many applicants and observers unenthusiastic.
Grayscale filed its application for this Ethereum Futures ETF in September last year. The filing comes after the victory the firm scored against the United States Securities and Exchange Commission (SEC) in the runup to spot Bitcoin ETF approval. The Grayscale’s Ether Futures proposal is one of the many related products that need approval from the regulator.
Idk why they’d do this honestly. In my mind might as well make the SEC write up an approval or denial for an ETH futures ETF and go from th
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