Ethereum

United

Bitcoin ETF

Bitcoin

<p><strong>Key Points:</strong></p>   
<ul class="wp-block-list">
  
 <li><em>WisdomTree has requested to withdraw the WisdomTree Ethereum Trust S-1 filing with the SEC, initially submitted in May 2021.</em></li>   
 <li><em>The decision reflects ongoing regulatory hurdles for Ethereum-based investment products in the U.S.</em></li> 
</ul>   
<h5 class="wp-block-heading">After more than three years from its first filing, asset manager WisdomTree <a href="https://www.sec.gov/Archives/edgar/data/1864519/000121465924016199/wte95241rw.htm" target="_blank" rel="noreferrer noopener">requested</a> the withdrawal of its S-1 filing for the WisdomTree Ethereum Trust with the U.S. Securities and Exchange Commission on September 6, 2024.</h5>   
<figure class="wp-block-image aligncenter size-large">
 <a href="https://coincu.com/wp-content/uploads/2024/09/image-16-7.jpg"><img src="https://coincu.com/wp-content/uploads/2024/09/image-16-7-1024x576.jpg" alt="WisdomTree Ethereum Trust S-1 Filing Has Now Been Withdrawn" class="wp-image-281653"></a>
 <figcaption class="wp-element-caption"> 
 </figcaption>
</figure>   
<p class="has-background" style="background-color:#222222">Read more:<a href="https://coincu.com/242737-revolut-paused-some-crypto-services-by-fca/" target="_blank" rel="noreferrer noopener"> </a><a href="https://coincu.com/261429-wisdomtree-physical-btc-and-ethereum-etps-on-lse/" target="_blank" rel="noreferrer noopener">WisdomTree Lists Physical Bitcoin and Ethereum ETPs on London Stock Exchange</a></p>   
<h2 class="wp-block-heading" id="wisdomtree-ethereum-trust-s-filing-withdrawn">WisdomTree Ethereum Trust's Filing Withdrawn</h2>   
<p>WisdomTree Ethereum Trust was first filed on May 27, 2021, to enable the issuance and selling of Ethereum securities. The company confirmed in its latest filing that no securities had or would be issued under this registration statement. In withdrawing the filing, <a href="https://coincu.com/251720-wisdomtree-crypto-services-approved-in-new-york/" target="_blank" rel="noreferrer noopener">WisdomTree</a> recognized it would lose the fees it paid to the SEC but requested credit for those fees against any future use.</p>   
<p>Despite the WisdomTree Ethereum Trust's filing is now gone, the asset manager is still quite busy in the digital-asset space. This is a result of the offering of the <a href="https://coincu.com/241574-wisdomtree-spot-bitcoin-etf-drops-fee/" target="_blank" rel="noreferrer noopener">spot Bitcoin ETF</a> in the United States, as well as a number of Bitcoin and Ethereum exchange-traded notes in the United Kingdom.</p>   
<h2 class="wp-block-heading" id="u-s-regulatory-hurdles-influence-ethereum-based-investment-products">U.S. Regulatory Hurdles Influence Ethereum-Based Investment Products</h2>   
<p>The move underlines the tough regulatory environment that surrounds cryptocurrency products. The SEC has been quite cautious about approving cryptocurrency ETFs, in particular regarding <a href="https://coincu.com/281602-ethereum-pectra-devnet-2-bug-fixes/" target="_blank" rel="noreferrer noopener">Ethereum</a>, because of concerns about market manipulation, investor protection, and the regulatory oversight of the cryptocurrency exchanges. These challenges could drive WisdomTree's strategic pivot.</p>   
<p>In tandem, <a href="https://coincu.com/281611-vaneck-ethereum-futures-etf-closure-turn-to-ethv/" target="_blank" rel="noreferrer noopener">VanEck</a> announced the closure of its futures-based Ether ETF. Insufficient demand for the product, said the firm, is behind the move while market inflows at the moment lead with spot cryptocurrency ETFs.</p>   
<figure class="wp-block-table">
 <table class="has-luminous-vivid-orange-color has-text-color has-link-color">
  <tbody>
   <tr>
    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
   </tr>
  </tbody>
 </table>
</figure>

WisdomTree Ethereum Trust S-1 Filing Has Now Been Withdrawn

Table of Contents

Coincu

Other articles published on Sep 7, 2024

Crypto : XRP collapses, $3.58 million lost…

Crypto and Traditional Markets Face Sharp Losses as Long Traders Hedge Against Volatility

New Solana Memecoin Trump’s Nukes (TRUMPNUK) Will Rally 16,000% Ahead of Exchange Listing, As Dog...

Unraveling Ethereum’s 44% Underperformance Compared to Bitcoin

MEV Bot Generates $37K from Just $100 by Manipulating Illiquid Pool on Uniswap

Bitcoin Bears or Bull Run? Why Experts Believe $100K Is Still on the Table

Join our free newsletter for daily crypto updates!