TechFlow reports that Bloomberg analyst James Seyffart said on Twitter that the U.S. SEC has delayed its decision on Grayscale's 19b-4 (exchange rule change) filing for its Ethereum futures ETF. The analyst noted that an Ethereum futures ETF does not require the 19b-4 process. However, Grayscale may be attempting to force the SEC to make a decision on the 19b-4 filing for its Ethereum futures ETF.
If the SEC approves the filing, Grayscale could argue that the SEC is treating futures and spot ETFs differently, similar to the GBTC case victory. If the SEC rejects it, Grayscale could file another lawsuit claiming the SEC is treating Bitcoin and Ethereum futures ETFs differently.
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