The Grayscale ETH futures ETF, a “Trojan horse” for the Ethereum spot ETF: analyst

Bloomberg ETFs analyst James Seyffart think Shades of grey Ether eventually ETFs application East just A stratagem has corner THE SECOND has approve It is place Ether ETF.

Shades of grey Investments East using It is Ether (ETH) eventually exchange traded funds (ETF) application as A "Trojan horse" has corner THE United States Securities And Exchange Commission In approving It is place Ether ETFs, said Bloomberg ETFs analyst James Seyffart.

Seyffart said In A Nov. 15 X (Twitter) job following THE SECOND dilatory Shades of grey ETH eventually ETFs offer that he believes if THE SECOND approved Shades of grey application, SO he would be enable Shades of grey has argue For THE approval of It is place Ether ETFs application.

If THE SECOND deny Shades of grey offer, THE active director could argue THE SECOND East to treat Bitcoin (BTC) And Ether eventually AND F differently by allowing A below THE Securities Act of 1933 but not THE other.

"Watch [THE SECOND] to try has either approve And argue Why This East different Since place. Or Refuse And argue Why 1933 act some products are in a significative way different Since 1940 act some products. Both are bad For SECOND [In My notice]. Genius move."

Shades of grey Ether eventually ETFs offer was submitted via A form 19b-4 — which Exchanges deposit has inform THE SECOND of A security based to exchange request. Seyffart said none of THE 40 Or SO approved Ether ETFs some products went through THE 19b-4 approval process.

Seyffart was initially uncertain Why Shades of grey deposit It is Ether eventually ETFs via A 19b-4. He NOW believes Shades of grey East playing "chess" with THE SECOND by using THE Ether Futures contracts ETFs as A "Trojan horse" has get A 19b-4 order Since THE regulator has vs...