Grayscale Decided to Drop Ethereum ETF Plans: Heres Why
Ethereum Grayscale Decided to Drop Ethereum ETF Plans: Heres Why 2 minuto ang nakalipas Balita ng Ethereum ng Bitcoin Arman Shirinyan Two digital asset giants are dropping their fundamental plans as no regulatory clarity provided since 2021 Surprisingly, two leading asset managers, Grayscale Investments and Bitwise, have seemingly backpedaled on their plans to launch Ether-futures Exchange Traded Funds (ETFs), Bloomberg reports. Grayscale has expunged the mention of the Ethereum Futures ETF from its filing, retaining only two separate funds, while Bitwise has formally withdrawn its application for its Ethereum Strategy fund, according to documents submitted to the U.S. Securities and Exchange Commission. These unexpected alterations were first reported by Blockworks. As of now, Grayscale, Bitwise and the SEC have remained tight-lipped about these changes. These developments could be attributed to a combination of factors. First and foremost, the overarching regulatory environment could have played a crucial role. The SEC has repeatedly denied approvals for Bitcoin and Ethereum ETFs from various financial institutions, raising the regulatory bar for such products. Despite the potential of these ETFs to catapult these asset management giants back to market prominence, the risk associated with regulatory uncertainties may have been a deterrent effect. Grayscale and Bitwise might have decided to sidestep potential regulatory hurdles by