Grayscale withdrew its 19b-4 application for its Ethereum Futures ETF just three weeks before securities regulators made their decision.
Grayscale has submittedGrayscale Ethereum Futures Trust withdrawal notice with the U.S. Securities and Exchange Commission on May 7.
The US SEC is scheduled to make a final decision on Grayscale’s Ether ETF Futures filing on May 30.
Grayscale filed a 19b-4 application for the ETF Futures Ether on September 19, 2023, which will be listed on the New York Stock Exchange. If approved
Bloomberg ETF analyst James Seyffart previously believed that Grayscale planned to use ETF Futures Ether as a “Trojan horse” to get the US SEC to approve its spot Ether ETF. He recently said thatshowConfusion as to why Grayscale would withdraw now when the US SEC will be forced to decide on approval or denial of at least one Ether ETF application on May 23, a little more than two weeks away. only
The US SEC must decide on VanEck’s Ether ETF application on May 23, while ARK 21Shares and Hashdex have final deadlines of May 24 and May 30.
refer : cointelegraph.com
picture coiningape.com
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