Grayscale's Withdrawal of Ethereum ETFs: Insights from Analysts

Quick Summary:

What’s the next for Ethereum ETFs as Grayscale makes a U-turn on its application?

On her part, Eleanor Terrett, market watcher and FOX Business journalist, noted that muted demand for ETH futures could be the reason for Grayscale’s move.

That said — honestly — that’s one of the very few reasons that I’d voluntarily withdraw this if I were Grayscale.

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Article Details

Author / Journalist: Benjamin Njiri

Category: Crypto

Markets: United States

Topics: Ambcrypto News 1 Social Altcoin Ethereum News Trading View

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-08 @ 20:00:51 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 499 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 20918347

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 15 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

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Publisher ID: #103

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