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Proposal for Ethereum Grayscale Ethereum ETF is No More
- The proposal for listing and trading shares of Grayscale's Ethereum ETFs has been withdrawn.
- The reason behind the withdrawal is unknown, and NYSE Arca declined to comment.
- The SEC had previously approved other Ethereum-based ETFs, but delays have hindered the approval for Grayscale's ETFs.
- Grayscale is pressuring the SEC for approval, but uncertainty and confusion surround the spot Ethereum ETF.
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