Grayscale files for ether futures ETF

Grayscale notched a partial court victory in its battle against the SEC over a potential spot bitcoin ETF last month


SergeiShimanovich/Shutterstock modified by Blockworks


Grayscale is throwing its hat in the ring for an ether futures exchange-traded fund (ETF).

The ETF, which tracks ether futures, would be another way for Grayscale to get exposure to ether as it awaits a decision on its bitcoin ETF.

Since the ETF will only focus on ether futures, the filing clarifies that it will not “transact in ether and will not be required to retain an ether custodian.”

Other firms, including Ark Invest and 21Shares along with Bitwise and ProShares, have also filed for ether futures ETFs.

Read more: Why potential BTC and ETH ETF approvals would be game-changers

Blockworks previously reported that sources confirmed that the US Securities and Exchange Commission is ready to consider the approval of ether futures ETFs. Previously, reports suggested that the SEC pushed for a pause in introducing these types of products. 

An ether futures ETF approval could come as soon as next month.

The filing comes after Grayscale announced that it was abandoning the rights to Ethereum proof-of-work tokens. 

The decision, according to a press release, came after Grayscale and the relevant service providers determined that both the custodian of the products, as well as the service providers, do not “support the ETHPoW tokens, nor have trading venues with meaningful liquidity developed for the ETHPoW tokens.”

Read more: Grayscale court victory used in arguments for spot ether ETF

Grayscale notched a partial victory against the SEC last month after a panel of judges ruled that the SEC must re-examine Grayscale’s application for a spot bitcoin ETF.

The win comes after Grayscale filed a lawsuit against the SEC over the application rejection back in 2022. 

While the win does not mean that Grayscale was immediately able to convert its Bitcoin Trust (GBTC) to an ETF, it raised hope among those who are awaiting an SEC decision on spot bitcoin ETFs. 

Blackrock, Ark, Fidelity and Franklin Templeton are among the companies looking to launch spot bitcoin ETFs. The SEC, however, delayed its decision on the spot bitcoin ETF applicants until October.

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research report - cover graphics (1).jpg


In this report, we dive into crypto private market data to gather insights on where the future of the industry is headed. Despite a notable downturn in private raises, capital continues to infuse promising projects that aim to transform payments, banking, consumer experiences, community, and more, with 2023 being the fourth-largest year for crypto venture capital.


Revolut said that the standalone crypto exchange is currently “invite only”


The stock price jump comes after Coinbase reported ending its seven-quarter run of net losses during the fourth quarter


BUZZ holds shares of Coinbase, Robinhood and MicroStrategy


Opinion: Even though I didn’t pay for my “Diamond Hands” burger with BTC, don’t let that fool you into thinking that crypto’s development is futile


The results mark “a major positive inflection point,” one analyst says, as the exchange carries net income momentum into a crypto rally


While the slate of 10 US spot bitcoin funds have tallied $4.6 billion of net inflows thus far, half of the field is lagging the leaders