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According to the Wall Street Journal, Grayscale Investments filed paperwork with the Securities and Exchange Commission Tuesday for a new exchange-traded fund tracking ether futures.
The ETF is filed under the Securities Act of 1933, the regulation under which commodities and spot bitcoin ETFs are filed. Previously, Grayscale also filed for a separate ether futures ETF under the Investment Company Act of 1940, under which most securities-based ETFs are registered.
The distinction is notable because the SEC has approved bitcoin futures ETFs registered under both Acts, making some investors believe the agency is comfortable with bitcoin futures in general.
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