Grayscale CEO Michael Sonnenshein Ethereum ETF He expressed that he was quite optimistic about his prospects for approval. brought.
As we reported as Koinfinans.com Grayscale It recently withdrew its application for an Ethereum futures ETF after it was postponed in November. According to senior ETF analyst James Seyffart, this was simply a Trojan horse application to obtain a 19b-4 order from the SEC. So it was made for a kind of preliminary preparation process.
However, Grayscale’s withdrawal likely means it will not file another lawsuit against the SEC, according to multiple analysts.
Last August, Grayscale won a major victory against the agency, paving the way for the approval of a series of Bitcoin ETFs in January. Grayscale’s GBTC recently recorded its first day of entry after months of continuous bleeding.
Bitcoin ETFDespite the success of , there seems to be consensus that the SEC will reject several Ethereum ETF applications this March based on a complete lack of interaction with ETF issuers.
On the other hand, ETH backer Consensys, run by Joseph Lubin, co-founder of the Ethereum network, sued the SEC for its attempt to label ETH, the largest altcoin, as a security.
In late April, Bitcoin and Ethereum ETFs began trading in Hong Kong, but their debuts were rather lackluster.
