ethereum

WisdomTree Withdraws Ethereum Trust Filing as VanEck Shuts Down Ether ETF

The Big Whale

— 1 min read
  • Asset manager WisdomTree has requested to withdraw its Ethereum Trust S-1 filing with the SEC, more than three years after initially submitting it.
  • VanEck is closing its futures-based Ether ETF due to factors including performance, liquidity, assets under management, and investor interest.
  • The Ethereum Foundation plans to release a financial report soon, revealing that it spends around $100 million per year and currently holds about $650 million in its main Ethereum wallet.
  • The disappointing US jobs report led to market declines, with the S&P 500 and Nasdaq Composite indexes losing as much as 2% and 2.8%, respectively. Bitcoin and ether also slid around 5.8% each

Summary :
Asset manager WisdomTree has requested to withdraw its Ethereum Trust S-1 filing with the United States regulator, more than three years after initially submitting it. The company confirmed that no securities have been or will be issued or sold pursuant to the registration statement. WisdomTree acknowledged that it wouldn't receive a refund for fees paid to the SEC for submitting its registration statement but requested that the amount be credited "for future use." This comes on the same day as asset manager VanEck announcing it will be shuttering its futures-based Ether ETF, citing insufficient demand as spot cryptocurrency ETFs dominate inflows.

Sources :

- CoinTelegraph
- CoinTelegraph
- Decrypt
- TheBlock
- Decrypt
- TheBlock
- Coindesk
- TheBlock
- Decrypt
- Blockworks

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