{"id":92412,"date":"2024-09-07T00:11:14","date_gmt":"2024-09-07T04:11:14","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=92412"},"modified":"2024-09-07T00:11:18","modified_gmt":"2024-09-07T04:11:18","slug":"wisdomtree-withdraw-s-1-filing-for-eth-trust","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/wisdomtree-withdraw-s-1-filing-for-eth-trust\/","title":{"rendered":"WisdomTree Withdraws S-1 Reg Filing For Ethereum Trust"},"content":{"rendered":"\n

WisdomTree submitted a request to the SEC to withdraw its Ethereum Trust<\/a> registration filing and requested that the fees be applied as a credit for “future use.”<\/p>\n\n\n\n

\"WisdomTree
WisdomTree Withdraws S-1 Reg Filing For Ethereum Trust<\/em><\/figcaption><\/figure>\n\n\n\n

WisdomTree\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, an asset manager, submitted its Ethereum Trust S-1 filing to the United States regulator over three years ago and has requested to withdraw it.<\/p>\n\n\n\n

WisdomTree Withdraws ETH S-1 Registration Filing<\/h2>\n\n\n\n

“The Registration Statement was initially submitted on May 27, 2021.” The Company, in a filing with the United States Securities and Exchange Commission (SEC) on September 6, confirmed that no securities have been or will be issued or sold under the Registration Statement.<\/p>\n\n\n\n

WisdomTree acknowledged that it would not receive a refund for the fees it paid to the SEC for submitting its registration statement. However, it requested that the amount be credited “for future use.”<\/p>\n\n\n\n

The Ethereum ETF shares<\/a> were initially submitted for listing on the BZX Exchange of the Chicago Board Options Exchange in May 2021. At that time, WisdomTree declared that the Ether market was “maturing to a point at which it is operating with efficiency and scale that are comparable in material respects to the maturing Bitcoin market.”<\/p>\n\n\n\n

VanEck, an asset manager, announced on the same day that it would be closing its futures-based Ether ETF due to insufficient demand, as spot cryptocurrency ETFs continue to dominate inflows.<\/p>\n\n\n\n

In a statement issued on September 6, VanEck stated that the fund was closed due to performance, liquidity, assets under management, and investor interest.<\/p>\n\n\n\n

The VanEck Ethereum Strategy ETF (EFUT)<\/a> will cease trading on September 16, and the fund's assets will be liquidated and returned to investors on or around September 23.<\/p>\n","protected":false},"excerpt":{"rendered":"

WisdomTree submitted a request to the SEC to withdraw its Ethereum Trust registration filing and requested that the fees be applied as a credit for “future use.” WisdomTree , an asset manager, submitted its Ethereum Trust S-1 filing to the United States regulator over three years ago and has requested to withdraw it. WisdomTree Withdraws […]<\/p>\n","protected":false},"author":59,"featured_media":22254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[21687,143,8512],"class_list":["post-92412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ethereum-trust","tag-sec","tag-wisdomtree"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/Untitled-design-2021-12-03T162123.138.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/92412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=92412"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/92412\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/22254"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=92412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=92412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=92412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}