- WisdomTree asked the US SEC to withdraw its application of registration for spot Ethereum ETF.
- VanEck also announced its exit from the spot Ether ETF race due to several factors including poor performance and low investor interest.
Both WisdomTree and VanEck announced their departure from the spot Ethereum (ETH) exchange-traded fund (ETF) market on September 6. WisdomTree was still in its registration stage prior to its move. Meanwhile, VanEck has already been offering the ETHV Ethereum fund to investors since their approval for launch on July 23 this year.
WisdomTree Pulls Out Ether ETF Registration Statement
WisdomTree asked for the US Securities and Exchange Commission’s (SEC) consent to withdraw its Form S-1 Registration Statement for WisdomTree Ethereum Trust. It cited Rule 477 under the Securities Act of 1933, as amended by the Securities Act, as its…
