Two outstanding crypto asset managers, Grayscale Investments and Bitwise Asset Administration, have suspended their Ether (ETH) plans for futures exchange-traded funds (ETFs) beneath rising scrutiny from United States regulators.
Could 17 Grayscale has filed an modification to its Securities and Change Fee (SEC) submitting to take away mentions of ether futures ETFs. The repair is available in lower than per week shares plans to start out a trio ETF merchandise. Two different instance merchandise embrace the half level (BTC) ETF that might put money into the spot BTC market and a Privateness ETF centered on investing in privacy-oriented blockchain firms and digital property.
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