Grayscale Files With SEC for Ethereum Futures ETF on NYSE Arca

The largest integer plus manager, Grayscale Investments, filed paperwork with the U.S. Securities and Exchange Commission (SEC) connected September 19 for a caller exchange-traded money dedicated to ethereum (ETH) futures. The Grayscale Ethereum Futures Trust volition clasp ethereum futures contracts for the fund.

Grayscale Investments Submits Ethereum Futures ETF Proposal to SEC

Grayscale has approached the SEC with a caller Form 19b-4 filing seeking support to database an ethereum futures ETF connected the New York Stock Exchange (NYSE) Arca. The integer plus manager wants to usage ethereum futures contracts for its ETF.

There are 2 types of ethereum futures contracts disposable connected the CME trading platform. One represents 50 ETH (called “ETH contracts”) and the different represents 0.10 ether (called “MET contracts”). These contracts fto investors stake connected ethereum’s aboriginal prices without really owning the cryptocurrency.

They enactment similar different accepted futures contracts, letting investors either support their investments oregon speculate connected ethereum’s terms changes. Grayscale’s ETF aims to bespeak the regular terms changes of the 2 closest expiring ETH contracts. The Form 19b-4 filing adds:

The spot volition deposit an archetypal borderline magnitude to initiate an unfastened presumption successful futures contracts. A borderline deposit is similar a currency show bond. It helps guarantee the trader’s show of the futures contracts that helium oregon she purchases oregon sells.

Grayscale recently won a verdict from the D.C. Circuit Court that chastised the securities regulator for denying the Grayscale spot bitcoin ETF application. Following the verdict, Grayscale’s lawyers pushed the SEC to o.k. Grayscale’s spot bitcoin ETF “expeditiously.”

In the latest filing with the SEC, Grayscale highlights that CME stands arsenic a regulated futures exchange, bolstered by oversight, checks, and regulatory vigilance. The filing insists that specified measures guarantee the just and transparent trading of its offerings, notably including the ETH contracts and MET contracts.

What bash you deliberation astir Grayscale’s latest filing with the SEC for an ethereum futures ETF? Share your thoughts and opinions astir this taxable successful the comments conception below.