The withdrawal comes a little over two weeks before the United States securities regulator will be forced to make a decision on at least one spot Ether ETF application.
Grayscale has made a surprising move to withdraw its 19b-4 application for its Ether (ETH) futures exchange-traded fund, just three weeks before the securities regulator would be forced to make a decision on it.
The cryptocurrency asset manager filed a notice of withdraw the Grayscale Ethereum Futures Trust with the United States Securities and Exchange Commission on May 7.
The SEC was scheduled to make a final decision on Grayscale’s Ether futures ETF on May 30.