The U.S. Securities and Exchange Commission (SEC) has signaled its readiness to publicly consider such a product, according to two sources directly familiar with ethereum futures ETF filings.
However, a source added that regulators’ willingness to weigh in on ethereum futures ETFs does not guarantee that they will be approved.
Grayscale had sought to launch an ethereum futures ETF in May, but withdrew it a few days later.
Bitwise Asset Management, Direxion and Roundhill Investments also withdrew applications shortly after Grayscale.
Matthew Sigel, director of digital asset research at VanEck Fund Group, said that the SEC’s policy on encrypted ETFs is completely inconsistent.