Cryptocurrency asset management firm Grayscale has withdrawn its 19b-4 application for its Ether futures ETF in a May 7 filing to the SEC.
The withdrawal comes a little over two weeks before the United States securities regulator will be forced to make a decision on at least one spot Ether ETF application.a notice of withdraw the Grayscale Ethereum Futures Trust with the United States Securities and Exchange Commission on May 7.Grayscale initially filed its 19b-4 application for its Ether futures ETF on Sept. 19, 2023, which would have been listed on the New York Stock Exchange, had it been approved.
confusion as to why Grayscale would withdraw now, when the SEC will be forced to make a decision to approve or deny several at least one spot Ether ETF application on May 23, a little over two weeks away.For several months, Seyffart and fellow Bloomberg ETF analyst Eric Balchunas have held a 25% chance the spot Ether ETFs will be approved on May 23, wThe SEC must make its decision on the VanEck's application on May 23, while ARK 21Shares and Hashdex have final deadlines on May 24 and May 30.
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