According to Odaily Planet Daily, FOX reporter Eleanor Terrett posted on the X platform that Grayscale has never submitted an S-1 application for its Ethereum futures ETF, so the application is incomplete. Before considering its spot application, the SEC may want to see if a completed futures application will appear. It also stated that investor demand for existing Ethereum futures ETFs has been relatively sluggish since its launch last year.
Earlier today, Grayscale submitted a notice to the U.S. SEC on May 7 to withdraw its 19b-4 application for Ethereum futures ETF, leaving only three weeks before the SEC was forced to make a decision on its application. The SEC originally planned to make a final decision on the Grayscale Ethereum Futures ETF on May 30. Grayscale initially submitted a 19b-4 application on September 19, 2023, hoping to list its Ethereum futures ETF on the New York Stock Exchange.
