As Cointelegraph reported, asset management firm WisdomTree has requested to withdraw its Ethereum Trust S-1 application with U.S. regulators, which it originally submitted three years ago.
WisdomTree confirmed in a filing with the U.S. Securities and Exchange Commission (SEC) that no securities were issued or sold and requested that the fees paid be used for future purposes. The application was originally filed in May 2021 to list Ethereum (ETH) ETF shares on the CBOE BZX exchange.
On the same day, asset management company VanEck announced that it would close its futures-based Ether ETF because spot cryptocurrency ETFs accounted for inflows. VanEck said the reasons for closing the fund included performance, liquidity, assets under management, and investor interest. Shares of the VanEck Ethereum Strategy ETF (EFUT) will stop trading on September 16, and fund assets will be liquidated and returned to investors around September 23.
