Grayscale’s proposal for the Ethereum Futures Trust ETF has been withdrawn.
Grayscale’s proposed listing and stock trading of its Ether futures exchange-traded fund has been withdrawn, according to a new document filed on Tuesday.
grayscale application Ethereum 
ETH
-1.81%
“On May 3, 2024, the exchange withdrew the proposed rule change (File No. SRNYSEARCA-2023-63),” according to the filing.
It is unclear why the proposal was withdrawn. NYSE Arca declined to comment. Grayscale did not immediately respond to a request for comment.
The SEC previously delayed consideration of Grayscale’s ether futures ETF. March. However, the SEC has previously granted a series of approvals. Ether Futures ETF October 2023, including ProShares, VanEck and Bitwise.
Spot product delays
The SEC has delayed decisions on spot Ethereum ETFs, including Grayscale’s ETF, over the past few weeks. The most recent latencies are: mondayInvesco Galaxy Ethereum ETF schedule is postponed to July 5th.
Optimism about the SEC approving such a product has diminished over the past few months. For example, Bloomberg ETF analyst Eric Balchunas said: lowered He estimated the likelihood of a spot Ethereum ETF being approved by the end of May at around 70% to 25%.
Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.
© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.
About the author
Sarah is a reporter for The Block covering policy, regulation and legal events. She was previously a reporter writing about securities regulation at CQ Legal, where she first began her reporting on cryptocurrencies. She Sarah has also written for The Bond Buyer and American Banker, among other financial publications. She graduated from the University of Missouri with a degree in Print and Digital Journalism. Sarah lives in Washington, DC and she is an avid coffee lover. You can follow her on Twitter @ForTheWynn.
