Grayscale, Bitwise Rescind Plan for Ether-Futures-Based ETFs (1)

Asset managers Grayscale Investments and Bitwise appear to be pulling back on plans for Ether-futures ETFs, just days after their applications for such a product made a splash in the exchange-traded-funds world.

Grayscale has removed mention of the Ethereum Futures ETF from its filing, which still lists two other separate funds, while Bitwise has withdrawn its application for its Ethereum Strategy fund, according to paperwork submitted with the US Securities and Exchange Commission. Blockworks earlier reported the changes.

Grayscale and the SEC declined to comment. Bitwise did not immediately respond to requests for comment.

The retrenchments come just a ...