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Grayscale and Bitwise Halt Plans for ETH Futures ETFs Amid US Regulatory Scrutiny

Grayscale and Bitwise, two prominent crypto asset managers, have halted their plans for an ETH futures exchange-traded fund (ETF) due to increased scrutiny from US regulators. Grayscale filed an amendment to its Securities and Exchange Commission filing on May 17 to remove mentions of Ethereum futures ETF, just a week after announcing plans to launch a trio of ETF products.

Bitwise has withdrawn its application to launch an Ether-based futures ETF altogether. The SEC has warned that underlying assets, such as Filecoin, qualify as securities, leading to increased scepticism from regulators about such products.

Ethereum Ethereum $3,281.51
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