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Grayscale withdraws its Ethereum Futures ETF application

Grayscale withdraws its Ethereum Futures ETF application

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Source: Coin Telegraph

The withdrawal comes a little over two weeks before the United States securities regulator will be forced to make a decision on at least one spot Ether ETF application.

Grayscale has made a surprising move to withdraw its 19b-4 application for its Ether (ETH) futures exchange-traded fund, just three weeks before the securities regulator would be forced to make a decision on it.

The cryptocurrency asset manager filed a notice of withdraw the Grayscale Ethereum Futures Trust with the United States Securities and Exchange Commission on May 7.

The SEC was scheduled to make a final decision on Grayscale’s Ether futures ETF on May 30.

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Author: Brayden Lindrea