Grayscale Investments filed documents with the Securities and Exchange Commission on Tuesday for a new exchange-traded fund that tracks ether futures.
The ETF is filed under the Securities Act of 1933, the regulations under which commodities and Bitcoin Spot ETF are deposited. Grayscale has also already filed for a separate ether futures ETF under the Investment Company Act of 1940, under which most security-based ETFs are registered.
The distinction is notable because the SEC has approved Bitcoin futures ETFs registered under both laws, leading some investors to believe that the agency is generally comfortable with Bitcoin futures.
