WisdomTree Drops Ethereum ETF Application

Asset manager WisdomTree has made the decision to withdraw its request for a spot Ether exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC).

They first submitted the application in May 2021 and announced the withdrawal on September 6, 2023. In their filing with the SEC, WisdomTree confirmed that they had not issued or sold any securities under the registration.

They also acknowledged that they would not receive a refund for the fees paid to the SEC but inquired about the possibility of using the fee for future filings.

The ETF was originally intended to be listed on the Chicago Board Options Exchange (CBOE) BZX Exchange. Initially, WisdomTree was optimistic about the growth of the Ether market, comparing it to the early stages of Bitcoin’s development.