VanEck files to withdraw its Ethereum ETF, just two days after it was filed | Crypto Craft

  • VanEck files to withdraw its Ethereum ETF, just two days after it was filed

Added at 12:04pm
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BTCmailman
Aug 20, 2021 12:43pm
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Quoting TwoSense
They'll be back. Ethereum is already on the CME. Only a matter of time before there's an ETF. Gensler may not be the guy though. We'll see. Probably related to Gensler's comment where he mentioned ETFs limited to the CME bitcoin futures: {quote}
Both of these were for Ethereum Futures ETFs, is it possible there are micro ETH Futures coming and they are waiting for those to file? Have to do some digging in the actual docs to see how specific/limiting the instruments are. I imagine micro futures make managing the ETF much simpler.
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BTCmailman
Aug 20, 2021 4:38pm
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Quoting BTCmailman
is it possible there are micro ETH Futures coming and they are waiting for those to file?

Just hopium on my part. The filings aren't too explicit on what they could invest in. I still don't understand the rationale behind withdrawing the application though. Fear of rejection? Trying to get on Gary's good side for the Bitcoin ETF?
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TwoSense
Aug 20, 2021 12:21pm
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They'll be back. Ethereum is already on the CME. Only a matter of time before there's an ETF. Gensler may not be the guy though. We'll see.

Probably related to Gensler's comment where he mentioned ETFs limited to the CME bitcoin futures:
Quote
I look forward to the staff’s review of such filings, particularly if those are limited to these CME-traded Bitcoin futures
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