Grayscale has filed for an ether futures exchange-traded fund (ETF), following its recent court victory against the SEC over a potential spot bitcoin ETF. The ETF would track ether futures and provide Grayscale with exposure to ether while it awaits a decision on its bitcoin ETF. It clarifies that the ETF would not transact in ether or require an ether custodian. Grayscale’s move comes as the SEC continues to ramp up crypto-related enforcement, while the industry’s resilience surprises regulators and legal experts.
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