Grayscale submits application for Ethereum futures ETF

Crypto-asset manager Grayscale filed an application Thursday night - for the second time - for approval of a futures-based Ethereum ETF. In fact, Grayscale's application for approval of an ETH futures ETF is already pending before the SEC.

Unlike the first application, the current ETH Futures ETF relates to the Securities Act of 1933 and not the Investment Company Act of 1940. As with the previously approved Bitcoin Futures ETFs, the fund companies do not invest in physical Ether, but in futures contracts based on ETH.

Recently, Grayscale won a partial victory against the SEC. A court ruled that the authority should not have simply rejected the application for approval of a Bitcoin Spot ETF.