Grayscale is right to do this. It should do a good job of spot ETF. Why do futures? Don't think about running before you have walked well. Be careful of falling! With the current momentum, you just need to hold the currency patiently and wait for it to rise. Don't consider leverage and short selling, which will be bloody! Grayscale CEO: Grayscale will focus on spot Ethereum products On May 9, according to DL News, Grayscale CEO Michael Sonnenshein said on Wednesday that the company will focus on converting its Ethereum Trust Fund, the world's largest Ethereum Trust Fund, into a spot exchange-traded product. "At Grayscale, we decided to focus on our spot products. This is really the core of our DNA," Michael Sonnenshein said during an event hosted by the Financial Times in London. On Tuesday, the crypto-native asset management company withdrew its application to the U.S. Securities and Exchange Commission to offer an Ethereum futures ETF. The company submitted the application in October last year. Michael Sonnenshein said that the asset management company withdrew the application because there are already many futures products for investors to choose from. "Sometimes we file for a product. But that doesn't mean it will be available," said Michael Sonnenshein.

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