An application for a rule change that would have allowed Grayscale Investments to offer an Ethereum futures exchange traded fund has been withdrawn—puzzling some analysts. According to a Securities and Exchange Commission (SEC) filing on Tuesday, the NYSE Arca Inc., the exchange on which the fund would have traded, had withdrawn the request on May 3. "On May 3, 2024, the Exchange withdrew the proposed rule change," the filing said without specifying reasons for the decision. NYSE originally filed the application on Sept. 19, 2023. The SEC has twice delayed making a decision on the application, most recently on March ... (full story)