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

article-image

SergeiShimanovich/Shutterstock modified by Blockworks

share

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.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research Report Templates (19).png

Research

Suilend has grown into the top money market and liquid staking provider on Sui. STEAMM, Suilend’s Superfluid AMM, presents a compelling avenue for growing market share within Sui’s DEX landscape and revenue generation for the protocol. Suilend’s multi-product suite position it well for owning market share across key verticals. While current metrics across the Sui ecosystem are likely inflated due to Sui Foundation incentive programs, SEND trades at amongst the lowest multiples in the lend/borrow sector, suggesting that a bull case for continued growth in the ecosystem may be mispriced.

article-image

Strive board member Ben Werkman expects thousands of firms to hold BTC, if only “to protect themselves”

article-image

To date, 12.6 million humans have scanned at a World Orb

article-image

One small step for man, one giant leap for Bitcoin

article-image

Jay Woods, Chief Global Strategist at Freedom Capital Markets, said it would be “very rare” for an acquisition to happen since the IPO may occur as soon as next week

article-image

Sponsored

Money is one of the most consequential pieces of infrastructure, and M0 believes its architecture should serve builders, not extract from them

article-image

The financial backwaters they laughed at might be the only thing keeping the dollar afloat