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Event Period: Sep 10, 2025 04:00 UTC โ Sep 14, 2025 16:00 UTC
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Grayscaleโs Strategic Ethereum Trust Retraction Filing Raises Questions
Per a filing with the U.S. Securities and Exchange Commission (SEC), Grayscale has withdrawn its 19b-4 filing for listing and trading its ether trust, known as ETHE. This development unfolds at a juncture when the general consensus among the community is that the prospects of the SEC greenlighting an ETH-based ETF are fairly low. Analysts and prediction markets have assigned a minimal probability to the SECโs approval, with some even suggesting the likelihood is nil.
After the withdrawal, James Seyffart, an ETF analyst at Bloomberg, addressed the retraction in a post on the social media platform X. โThis is interesting,โ Seyffart said. โGrayscale just withdrew their 19b-4 filing for an ethereum futures ETF. This was essentially a trojan horse filing in my view, in order to create the same circumstances that allowed Grayscale to win the GBTC lawsuit (approve futures deny spot)โ
[I donโt know] why theyโd do this honestly. In my mind might as well make the SEC write up an approval or denial for an ETH futures ETF and go from there? Maybe the SEC spoke with Grayscale about thisโฆ And whatever was said convinced Grayscale to withdraw? (This is a complete guess).
While the reasons behind the decision remain unclear, speculation persists and the likelihood of approval has diminished further. As the crypto community ponders the implications, this withdrawal could mark a complete recalibration of expectations regarding ethereum-based, physically-settled ETFs. #BTC# #HotTopicDiscussion# #GateioBountyCreator#