Grayscale Files For Ether Futures ETF Following Court Victory Against SEC

Grayscale Investments submitted a new application to the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF).

This time, the ETF would be centered on Ether ETH/USD futures.

The ETF application is based on the Securities Act of 1933, the same regulation that governs commodities and spot Bitcoin BTC/USD ETFs, The Wall Street Journal reported.

Grayscale had earlier proposed a different Ether futures ETF under the Investment Company Act of 1940, which is the standard for most securities-based ETFs.

This development is particularly significant in light of the upcoming Benzinga's Future of Digital Assets conference on Nov. 14, where such regulatory advancements are likely to be a topic of discussion.

It's worth noting that the SEC has given the green light to Bitcoin futures ETFs under both acts, leading many to speculate that the regulator is generally receptive to Bitcoin futures.

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This latest move by Grayscale follows their recent victory against the SEC regarding their spot Bitcoin ETF application, where a court decided that the SEC must revisit their initial decision.

The Wall Street Journal highlighted the importance of Grayscale's choice in regulatory acts for their ETFs, especially since the SEC has previously approved Bitcoin futures ETFs under both regulations.

This was evident when the SEC approved two leveraged Bitcoin ETFs presented by BITX just a few months ago in June.

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