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Grayscale Submits Application for New Ethereum Futures ETF

2 mins
Updated by Kyle Baird
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In Brief

  • Grayscale Investments has lodged a second application for an Ethereum futures ETF, tracking Ethereum Futures contracts.
  • Unlike the previous application, the new one was filed under the Securities Act of 1933, used for commodities and Bitcoin ETFs
  • Despite six applications for Ethereum futures-based ETFs, it's still unclear which firms will get the first approvals.
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Grayscale Investments has reportedly submitted a second application for an Ethereum futures exchange-traded fund (ETF) designed to monitor the value of Ethereum Futures contracts.

The investment firm had previously applied for an Ethereum futures ETF, but there is a noticeable difference in how this one was filed.

Grayscale Applies For Ethereum Futures ETF Under Different Regulations

According to a recent report, Grayscale submitted a new ETF application to the United States Securities and Exchange Commission (SEC). However, the application was lodged in accordance with the Securities Act of 1933. This is the regulatory framework for filing commodities and spotting Bitcoin ETFs.

Meanwhile, Grayscale filed its earlier application for an Ethereum Futures ETF in accordance with the Investment Company Act of 1940. Five other firms have filed applications under this regulatory act, which is the primary framework for most securities-based ETFs.

The reason for Grayscale filing a separate application under a different act remains uncertain.

However, Bitcoin futures ETFs have received registration and approval under both acts, suggesting that this approach may be an attempt to enhance the likelihood of approval.

At the time of publication, Ethereum’s price stands at $1,639.

Ethereum Price Chart 1 Month. Source: BeInCrypto
Ethereum Price Chart 1 Month. Source: BeInCrypto

Speculation Mounts as SEC Nears Approval for Ethereum Futures ETF

On August 18, BeInCrypto reported that the SEC is approaching approval for Ethereum futures-based ETFs.

Six applications have been submitted, and the SEC seems inclined not to hinder the progress. According to sources familiar with the matter, approval for the product may potentially come through in October.

The companies seeking approval include Ether Strategy ETF, Bitwise Ethereum Strategy ETF, Roundhill Ether Strategy ETF, VanEck’s Ethereum Strategy ETF, ProShares Short Ether Strategy ETF, and the Grayscale Ethereum Futures ETF.

However, the SEC has not issued any comments on the matter. It also remains unclear which firms will receive the first approvals.


In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.

Ciaran Lyons
Ciaran is a cryptocurrency journalist based in Sydney, Australia. He particularly enjoys writing about CBDC developments and the practical implementations of cryptocurrency in...