Grayscale Investment has just filed a license with the US Securities and Exchange Commission (SEC) for their new exchange-traded fund (ETF), specifically the Ethereum Futures ETF.
This filing is in accordance with the Securities Act of 1933. Grayscale had previously filed for an Ethereum Futures ETF under the Investment Company Act of 1940, which is standard for most securities filing for ETFs.
This was necessary, especially in light of Benzinga’s Future of Digital Assets conference on November 14, where the relevant rules will be a topic of discussion.
Grayscale’s maneuver comes on the heels of their recent victory against the SEC in relation to their Bitcoin Spot ETF application where the court ruled the SEC should “rethink their decision”.
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