#2.

Grayscale withdraws Ether futures ETF application

Grayscale has withdrawn its 19b-4 application for the Ether futures exchange-traded fund just three weeks before the U.S. Securities and Exchange Commission decided on it. On May 7, the crypto asset manager filed a withdrawal notice for the Grayscale Ethereum Futures Trust with the SEC, which is expected to issue a decision on May 30. Traders poured Ether short bucket after announcement . Analysts believe that the futures ETF application is a “trojan horse” to corner the agency into approving its spot Ether ETF proposal. As May 23 approaches, analysts are growing more skeptical about the SEC's approval of spot #EthereumEFT .