WisdomTree Withdraws Ethereum Trust Filing With SEC

According to Cointelegraph, asset manager WisdomTree has requested to withdraw its Ethereum Trust S-1 filing with the United States Securities and Exchange Commission (SEC), more than three years after initially submitting it. The original registration statement was filed on May 27, 2021. In a recent filing with the SEC on September 6, the company confirmed that no securities have been or will be issued or sold pursuant to the registration statement. WisdomTree also acknowledged that it would not receive a refund for fees paid to the SEC for submitting its registration statement but requested that the amount be credited for future use. The application was initially filed for the Ethereum (ETH) ETF shares to be listed on the Chicago Board Options Exchange’s BZX Exchange. This development coincides with asset manager VanEck announcing the closure of its futures-based Ether ETF due to insufficient demand as spot cryptocurrency ETFs dominate inflows. VanEck cited factors such as performance, liquidity, assets under management, and investor interest as reasons for closing the fund. Shares of the VanEck Ethereum Strategy ETF (EFUT) will stop trading on September 16, and fund assets will be liquidated and returned to investors on or around September 23. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.