Grayscale withdraws 19b-4 application for Ethereum futures ETF

Grayscale has taken a surprising move and withdrawn its 19b-4 application for an Ethereum (ETH) futures exchange-traded fund (ETF) just three weeks before the securities regulator was forced to make a decision. The cryptocurrency asset management company submitted a notice to the U.S. Securities and Exchange Commission on May 7 to withdraw the Grayscale Ethereum Futures ETF.