Grayscale Submits Application for New Ethereum Futures ETF



Grayscale Investments has reportedly submitted a second application for an Ethereum futures exchange-traded fund (ETF) designed to monitor the value of Ethereum Futures contracts. The investment firm had previously applied for an Ethereum futures ETF, but there is a noticeable difference in how this one was filed. 


Grayscale Applies For Ethereum Futures ETF Under Different Regulations According to a recent report, Grayscale submitted a new ETF application to the United States Securities and Exchange Commission (SEC). However, the application was lodged in accordance with the Securities Act of 1933. This is the regulatory framework for filing commodities and spotting Bitcoin ETFs.


Meanwhile, Grayscale filed its earlier application for an Ethereum Futures ETF in accordance with the Investment Company Act of 1940. Five other firms have filed applications under this regulatory act, which is the primary framework for most securities-based ETFs. The reason for Grayscale filing a separate application under a different act remains uncertain. 


However, Bitcoin futures ETFs have received registration and approval under both acts, suggesting that this approach may be an attempt to enhance the likelihood of approval. At the time of publication, Ethereum’s price stands at $1,639. Ethereum Price Chart 1 Month. 


Speculation Mounts as SEC Nears Approval for Ethereum Futures ETF On August 18, BeInCrypto reported that the SEC is approaching approval for Ethereum futures-based ETFs. Six applications have been submitted, and the SEC seems inclined not to hinder the progress. According to sources familiar with the matter, approval for the product may potentially come through in October. 


The companies seeking approval include Ether Strategy ETF, Bitwise Ethereum Strategy ETF, Roundhill Ether Strategy ETF, VanEck’s Ethereum Strategy ETF, ProShares Short Ether Strategy ETF, and the Grayscale Ethereum Futures ETF. However, the SEC has not issued any comments on the matter. It also remains unclear which firms will receive the first approvals.


Source : BeInCrypto by Ciaran Lyons / September 20, 2023 logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act. How we keep your money safe.