HomeEthereumGrayscale's Ethereum Futures Trust ETF Proposal Withdrawn

Grayscale’s Ethereum Futures Trust ETF Proposal Withdrawn

-


Withdrawal of Grayscale’s Ether Futures ETF Listing Proposal – SEC Filing Update

The proposal to list and trade shares of Grayscale’s ether futures exchange-traded fund has been withdrawn, leaving investors and industry experts puzzled. The application for the Grayscale Ethereum Futures Trust ETF, filed by NYSE Arca, Inc. last September, was abruptly withdrawn on May 3, as per a Securities and Exchange Commission filing.

The reasons behind the withdrawal remain unclear, with both NYSE Arca and Grayscale declining to comment on the matter. This move comes after the SEC had previously delayed considering Grayscale’s ether futures ETF, despite approving similar products from other companies like ProShares, VanEck, and Bitwise.

In addition to the setback for futures products, the SEC has also been delaying decisions on spot Ethereum ETFs, including one from Grayscale. The latest delay pushed back the timeline for the Invesco Galaxy Ethereum ETF to July 5, casting doubt on the approval of such products in the near future.

Industry analysts have noted a decline in optimism for the approval of spot Ethereum ETFs, with some lowering their estimates of the chances of approval. Bloomberg ETF analyst Eric Balchunas, for example, has revised his estimate from 70% to 25% for a spot Ethereum ETF approval by late May.

As the regulatory landscape continues to evolve, investors and market participants will be closely watching for any developments regarding the approval of Ethereum ETFs. Stay tuned for more updates on this developing story.

LATEST POSTS

Sony Group makes strategic move into cryptocurrency market with acquisition of Amber Japan

Sony Group Enters Crypto Exchange Market with Acquisition of Amber Japan Sony Group Makes Bold Move into Crypto Exchange Market with Acquisition of Amber Japan In...

Solana Surpasses Ethereum in Important Metric

Top Solana-based DEXes Lead in Daily Trading Volume, Surpassing Ethereum Solana-based decentralized exchanges (DEXes) are making waves in the cryptocurrency market, with five of them...

Investors May Need to Pay Taxes in Bitcoin Sooner Than Expected

Crypto Payments for Taxes: A Closer Look at the Potential Changes Ahead The possibility of paying taxes with cryptocurrency, specifically bitcoin, is gaining traction in...

Pepe Unchained: Layer 2 Blockchain Drives Meme Coin Surge Through Successful Presale

Pepe Unchained: Revolutionizing the Meme Coin Market with Layer 2 Blockchain Technology The Pepe meme is back in the spotlight with the launch of Pepe...

Most Popular