Back to the list

Grayscale and Bitwise Step Back from Ether Futures ETF Proposals

source-logo  coingabbar.com 18 May 2023 10:53, UTC

Grayscale and Bitwise halt ETH futures ETF plans due to SEC scrutiny. Grayscale removes Ethereum futures ETF mentions from its SEC filing, following a warning to withdraw its Filecoin Trust application. Bitwise withdraws its application for an Ether-based futures ETF, stating they no longer intend to seek effectiveness for the fund. The move comes amid growing scepticism from regulators towards crypto ETF products, despite the debut of a Bitcoin-based futures ETF in late 2021. The industry awaits further developments regarding the possibility of a spot crypto ETF.