Grayscale Applies for Ethereum Futures ETF Under Different Regulations
Grayscale Investments has submitted a new application for an Ethereum futures exchange-traded fund (ETF) to the United States Securities and Exchange Commission (SEC). However, this application is filed under the Securities Act of 1933, which is different from their previous application filed under the Investment Company Act of 1940. It is unclear why Grayscale has chosen to file a separate application under a different regulatory act. Nevertheless, this approach may be an attempt to increase the chances of approval, as Bitcoin futures ETFs have been approved under both acts. Ethereum’s current price stands at $1,639.
Speculation Mounts as SEC Nears Approval for Ethereum Futures ETF
The SEC is reportedly nearing approval for Ethereum futures-based ETFs. Six companies, including Grayscale, have submitted applications, and sources suggest that approval may come in October. The SEC has not made any official comments on the matter, and it remains uncertain which firms will receive the first approvals.
Hot Take: What Does This Mean for Ethereum?
The submission of a second application by Grayscale for an Ethereum futures ETF indicates growing interest in expanding investment opportunities for Ethereum. If approved, an ETF would make it easier for investors to gain exposure to Ethereum without directly owning the cryptocurrency. This could attract more institutional investors and potentially drive up demand and prices for Ethereum. Additionally, approval of an Ethereum futures ETF could signal greater acceptance and recognition of cryptocurrencies by regulatory authorities. Overall, this development could have positive implications for the future of Ethereum and the broader crypto market.
By
By
By
By
By