Bloomberg ETF Analyst: Grayscale's withdrawal of the Ethereum futures ETF's 19b-4 application will not be able to sue the SEC

2024-05-08 10:09:51

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ChainCatcher news, Bloomberg ETF analyst James Seyffart stated on X: "Grayscale has withdrawn their 19b-4 filing for the Ethereum futures ETF. In my view, this (the 19b-4 filing) is essentially a Trojan horse document aimed at creating the same conditions that Grayscale won in the GBTC lawsuit (approving futures, rejecting spot). If they don't want to anger the SEC, withdrawing and resubmitting the document would be less work for the SEC. But at the same time, it also means that neither Grayscale nor anyone else can sue."

Previous news, according to Cointelegraph, Grayscale has withdrawn its 19b-4 application for the Ethereum (ETH) futures exchange-traded fund (ETF), just three weeks before the securities regulator was set to make a decision. Grayscale submitted a notice of withdrawal for the Grayscale Ethereum futures ETF to the U.S. Securities and Exchange Commission on May 7.

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ETF Grayscale Ethereum Futures ETF

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