Grayscale Withdraws Ethereum Futures ETF Application From SEC

Grayscale, a company that manages cryptocurrency assets, has told the U.S. Securities and Exchange Commission (SEC) that it is withdrawing its request to create an Ethereum (ETH) futures ETF. They submitted this notice on May 7th. The SEC was supposed to decide on this request by May 30th. Grayscale first applied for the Ethereum futures ETF on September 19, 2023. If it had been approved, the ETF would have been traded on the New York Stock Exchange.

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