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Grayscale's Filing for Ethereum Futures ETF Withdrawn Over Regulatory Uncertainty

From financemagnates.com

Grayscale's proposal to list exchange-traded funds (ETF) tied to the price of Ethereum was recently withdrawn, according to a notice by the Securities and Exchange Commission (SEC). NYSE Arca, the platform Grayscale's ETF would have been listed if approved, withdrew the proposal ahead of an anticipated decision by the regulator on similar applications by asset managers VanEck, ARK Investments/21Shares, and others. Ethereum ETFs Faces Scrutiny This decision has raised concerns among these asset managers, who anticipate the SEC will likely decline similar applications following meetings with the regulator, Reuters ... (full story)

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  • Category: Fundamental Analysis