PANews reported on October 3 that according to Cointelegraph, Volatility Shares withdrew its application for an Ethereum futures ETF. Justin Young, co-founder of Volatility Shares, said he “doesn’t see the opportunity at this point in time.” When asked whether the company still plans to launch an Ethereum futures ETF at a later date, Young said that it will continue to apply, but the application time has yet to be re-determined. According to previous news, Volatility Shares announced plans to launch Ethereum futures ETF trading on October 12. In a July 28 filing with the U.S. Securities and Exchange Commission (SEC), Volatility Shares detailed its proposed “Ethereum Strategic ETF,” which would invest in cash-settled ether traded on the Chicago Mercantile Exchange (CME). futures contract.

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