Grayscale’s proposal, submitted on September 19, 2023, aimed to list the Grayscale Ethereum Futures Trust on the New York Stock Exchange. However, on May 7, the cryptocurrency asset management company chose to withdraw its application, a decision that surprised many. Bloomberg ETF analyst James Seyffart, who had previously speculated that Grayscale might use futures ETF as a leverage strategy to push for approval of its ETH spot ETF, expressed confusion about the timing of the withdrawal.
Grayscale Abandons Ethereum Futures ETF Plan as SEC Decision Looms