Grayscale has applied for a new Ethereum futures exchange-traded fund (ETF) under the Securities Act of 1933, different from their previous attempts under the Investment Company Act of 1940. The U.S. Securities and Exchange Commission (SEC) has approved Bitcoin futures ETFs under both acts, but no Spot Bitcoin ETFs have been approved yet. The approval of Bitcoin futures ETFs starting in October 2021, along with growing optimism around cryptocurrency ETFs, suggests a positive outlook for Grayscale’s new Ethereum futures ETF filing. This move by Grayscale indicates their continued interest and investment in the cryptocurrency market, specifically in Ethereum. The filing could potentially open up new investment opportunities for both institutional and retail investors interested in Ethereum futures. Overall, the submission of the new Ethereum futures ETF filing by Grayscale signals a potential milestone in the development and acceptance of cryptocurrencies within traditional financial markets.
