Grayscale, a cryptocurrency investment company It is the latest company to file with the Securities and Exchange Commission for an Ether Futures Exchange-Traded Fund (ETF).
On September 19, GrayscaleYThe offering is subject to the provisions of the Securities Exchange Act of 1934 and regulatory changes filed by the NYSE with the SEC.
The ETF will be managed by Grayscale Advisors, which is also known as a “sponsor.” It is registered as a commodity pool operator with the CFTC and is a member of the National Futures Association, according to the document. Grayscale also states that Advisors has engaged Videnct Advisory as a sub-adviser to act as a commodity trading adviser for the Trust.
The news comes a few weeks after digital asset management company Valkyrie It filed to launch an ETF Futures ETF with the SEC in mid-August. This comes after several other companies filed to launch ETH futures ETFs.
refer : cointelegraph
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