A New Move from Grayscale for Ethereum ETF!

There are quite a few Ethereum Futures ETFs awaiting approval from the US Securities and Exchange Commission (SEC). The race to get a futures-based Ethereum ETF approved is heating up, with several major players in contention. In a recent move, Grayscale Investments has filed for a new Ethereum futures ETF, according to the Wall Street Journal.

Grayscale files for new Ethereum Futures ETF

Grayscale Investments submitted its filing for a new exchange-traded fund that tracks Ethereum futures to the Securities and Exchange Commission on Tuesday. The ETF was filed under the Securities Act of 1933, the same regulation under which commodity and spot Bitcoin ETFs are filed. Grayscale had also previously filed for a separate Ethereum futures ETF under the Investment Company Act of 1940, under which most security-based ETFs are registered.

This distinction is quite striking. Because the SEC has approved Bitcoin futures ETFs registered under both laws. This leads some investors to believe that the agency is comfortable with Bitcoin futures in general.

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