HomeEthereumGrayscale's Ethereum Futures Trust ETF Proposal Withdrawn

Grayscale’s Ethereum Futures Trust ETF Proposal Withdrawn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The proposal to list and trade shares of Grayscale’s ether futures exchange-traded fund has been withdrawn, leaving investors and industry experts puzzled. The application for the Grayscale Ethereum Futures Trust ETF, filed by NYSE Arca, Inc. last September, was abruptly withdrawn on May 3, as per a Securities and Exchange Commission filing.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


Bitcoin ETF Inflows Reach $422.5M, the Highest in Six Weeks

Bitcoin ETFs See Surge in Demand as BTC Price Rallies The U.S.-listed exchange-traded funds tracking bitcoin's spot price are experiencing a surge in demand, with...

Despite Mt. Gox Payout Concerns, Bitcoin (BTC) Surges to $65K; Ripple’s XRP Leads Crypto Market Rally

Bitcoin Hits Four-Week High as Crypto Rebound Continues The crypto market is on fire as bitcoin (BTC) reached its highest price in four weeks, surpassing...

Do Ethereum’s smart contracts outperform those of its competitors?

Exploring Smart Contracts: A Comparative Analysis of Ethereum and its Competitors The Evolution of Smart Contracts: Ethereum vs Competitors Ethereum, created by Vitalik Buterin, has been...

DTX, a leading DeFi platform, unveils new privacy blockchain Render (RNDR) and welcomes Ripple (XRP) users.

Exciting Updates in the Crypto World: DTX Exchange, Ripple (XRP) Victory, and Render (RNDR) Rebranding Title: DTX Exchange Solves Traders' Problems, Ripple (XRP) Celebrates Legal...

Most Popular