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 ETH S-1 Registration Filing
“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.
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.”
The Ethereum ETF shares 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.”
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.
In a statement issued on September 6, VanEck stated that the fund was closed due to performance, liquidity, assets under management, and investor interest.
The VanEck Ethereum Strategy ETF (EFUT) will cease trading on September 16, and the fund’s assets will be liquidated and returned to investors on or around September 23.
