Connect with us

Hi, what are you looking for?

WisdomTree withdraws its Ethereum Trust S-1 registration filing
WisdomTree withdraws its Ethereum Trust S-1 registration filing

Cryptocurrency

WisdomTree withdraws spot Ethereum ETF application amid market changes

WisdomTree has withdrew its application for a spot Ethereum ETF. The decision comes after other market changes, including as VanEck’s termination of its Ethereum futures ETF, as companies negotiate shifting investor demand and regulatory issues in the cryptocurrency area.

WisdomTree, an asset management business, has formally withdrew its application for a spot Ethereum exchange-traded fund (ETF) with the Securities and Exchange Commission. This judgment comes more than three years after the original proposal, which sought to list a spot Ether ETF on the Chicago Board of Options Exchange (CBOE).

WisdomTree acknowledged in a September 6 filing that it did not sell any securities under the original registration statement. Although the firm will not receive a refund for the application expenses, it has asked the SEC to apply the amounts to future filings.

The original proposal, submitted in May 2021, was based on WisdomTree’s belief that the Ether market had matured to the point where it was as efficient and scalable as Bitcoin.

The same day, asset management VanEck announced the closure of its futures-based Ethereum ETF owing to insufficient investor interest, citing performance and liquidity issues. VanEck’s Ethereum Strategy ETF will suspend trading on September 16 and liquidate its assets before delivering them to investors on September 23.

Advertisement

You May Also Like

Cryptocurrency

The Polish Financial Supervision Authority (KNF) recently issued a public warning about Crypto.com's operations, citing potential regulatory violations. This advisory, while not an outright...

Business

WalletConnect Foundation and Reown have announced new UX standards for blockchain wallets to improve interactions and increase adoption. Through WalletGuide and WalletConnect Certified, they...

Cryptocurrency

Beginning in mid-2025, Detroit citizens will be able to pay taxes and local fees using bitcoin, as part of a new drive to modernize...

Cryptocurrency

In this week's Crypto Chronicle, we explore the potential impact of Donald Trump's presidential victory on the crypto world, Elon Musk's massive $20 billion...

polkadot
Polkadot (DOT) $ 5.02 1.88%
bitcoin
Bitcoin (BTC) $ 89,935.10 2.88%
ethereum
Ethereum (ETH) $ 3,202.28 0.85%
cardano
Cardano (ADA) $ 0.570093 4.90%
xrp
XRP (XRP) $ 0.696221 2.07%
stellar
Stellar (XLM) $ 0.122675 5.49%
litecoin
Litecoin (LTC) $ 75.03 0.75%