US-based asset management firm Grayscale has withdrawn its application for an Ethereum (ETH) futures exchange-traded fund (ETF) at the request of the US Securities and Exchange Commission (SEC).
Acting on pressure from the SEC grayscale, It has decided to withdraw its application for an Ethereum futures ETF. After a warning from the SEC, Grayscale said “About the product named “Grayscale Ethereum Futures ETF” about the decision when he announced that he was stopping his plans. official documents sent it to the SEC.
Grayscale, which made three different ETF applications to the SEC about a week ago, still has not withdrawn. two more ETF applications exists. one of them spot Bitcoin (BTC) to invest in the market Garyscale Global Bitcoin Composite ETF the other is privacy-focused blockchain companies and focus on investing in digital assets Grayscale Privacy ETF appears as.
On the other hand, another asset management company that took action after Grayscale’s application. Bitwise also took a step back. Company, Launch of Ethereum ETF products to the SEC to stop new have made an application explained.
The SEC a day ago that Grayscale’s underlying asset Filecoin (FIL) He had warned that it was considered a security. On the other hand, Grayscale insisted that Filecoin is not covered by securities.