Grayscale Files Application to Launch an Ethereum Futures ETF
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Grayscale Investments has just filed with the US Securities and Exchange Commission (SEC) an application to launch an exchange-traded fund based on Ethereum futures traded on the CME.

As reported by the Wall Street Journal, the application is subject to the Securities Act of 1933, which regulates commodities and spot Bitcoin ETFs.

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Grayscale has previously applied for a similar product under the Investment Company Act of 1940, under which most exchange-traded funds are registered.

Earlier this month, digital asset gesture Hashdex filed an application to launch an ETF based on Ethereum and CME-traded futures based on the crypto. The filing is based on the Securities Act of 1933.

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Grayscale has made the decision to launch an exchange-traded fund based on Ethereum futures after a court accepted its application to convert its GBTC into a spot Bitcoin ETF.

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