Crypto Community Buzzes As Grayscale Withdraws Ethereum Futures ETF Application

Did the SEC speak with Grayscale before the asset management giant withdrew its Ethereum futures ETF application? It's just one of the theories surrounding the news. (Credit: Forextime.com/flickr)

Cryptocurrency asset management titan Grayscale has withdrawn its application for futures Ethereum exchange-traded funds (ETFs). The digital assets world is abuzz, and there are even speculations the asset manager may have had a pep talk with the U.S. Securities and Exchange Commission (SEC) ahead of the decision.

Sherry R. Haywood, the SEC's assistant secretary for the trading and markets division, said in a Tuesday release that the Stamford-based asset manager has withdrawn its proposed Grayscale Ethereum Futures Trust ETF, but no reason was provided for the move. On the other hand, Haywood highlighted how the SEC designated a longer period to decide on Grayscale's application twice since it was filed in September.