A proposal to list and trade shares of Grayscale's ether futures exchange-traded fund has been withdrawn, according to a new document filed on Tuesday.

The application for the Grayscale Ethereum Futures Trust ETF, which was filed by NYSE Arca, Inc., in September last year, was withdrawn on May 3, according to a Securities and Exchange Commission filing.

"On May 3, 2024, the Exchange withdrew the proposed rule change (File No. SRNYSEARCA-2023-63)," according to that filing.

It is unclear why the proposal was withdrawn. NYSE Arca declined to comment. Grayscale did not immediately respond to a request for comment.

The SEC has previously delayed considering Grayscale's ether futures ETF, the most recent being in March. Yet the SEC previously greenlit a batch of ether futures ETFs in …