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 Registration Statement was originally filed on May 27, 2021. The Company confirms that no securities have been or will be issued or sold pursuant to the Registration Statement,” the firm declared in a filing with the United States Securities and Exchange Commission (SEC) on Sept. 6.
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.”
The application was initially filed in May 2021 for the Ethereum (ETH) ETF shares to be listed on the Chicago Board Options Exchange’s BZX Exchange. At the time, WisdomTree stated that the Ether market “is maturing to a level such that it is operating with efficiency and scale similar in material respects to the maturing Bitcoin market.”
Related: Monochrome confident as it files for Australia’s first ETF to hold Ether directly
It 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.
VanEck chose to close the fund due to factors “including performance, liquidity, assets under management, and investor interest,” it said in a Sept. 6 statement.
Cointelegraph reported that shares of the VanEck Ethereum Strategy ETF (EFUT) will stop trading on Sept. 16 and fund assets will be liquidated and returned to investors on or around Sept. 23.
This is a developing story, and further information will be added as it becomes available.
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