- On May 3, the Grayscale Ethereum Futures Trust ETF application was withdrawn.
- Over the past few weeks, the SEC has postponed making a decision about Ethereum ETFs.
A new document filed on Tuesday states that a petition to list and trade shares in Grayscale’s exchange-traded fund, ether futures, has been withdrawn.
As per a filing with the Securities and Exchange Commission, the Grayscale Ethereum Futures Trust ETF application, which was submitted by NYSE Arca, Inc. in September of last year, was withdrawn on May 3.
That filing states that the Exchange withdrew the proposed rule change (File No. SRNYSEARCA-2023-63) on May 3, 2024.
The reason behind the proposal’s withdrawal is unknown. NYSE Arca chose not to respond. An inquiry for comment was not immediately answered by Grayscale.
Grayscale’s ether futures ETF has already been postponed by the SEC, most recently in March. However, the SEC has already approved a number of ETFs for ether futures in October 2023, including those offered by ProShares, VanEck, and Bitwise.
Over the past few weeks, the SEC has postponed making a decision about spot Ethereum ETFs, one of which is from Grayscale. The Invesco Galaxy Ethereum ETF’s launch date was most recently delayed until July 5 on Monday.
Over the past few months, there has been less and less hope that the SEC will approve such a product.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
