James Seyffart: "GrayScale leads with SEC a chess party in ETF" – Bits Media

Analyst Bloomberg Intelligence by ETF James Seyffart believes, that the application of Grayscale for the launch of futures exchange funds (ETF) ETH is needed for that, To promote the decision to launch the spotal ETF on ETH.

Grayscale lawyers have applied for creating a futures ETF on the air in the form of 19B-4, which is used in the exchange of securities. According to James Seyffart (James Seyffart), This is a brilliant move, since it gives the company to challenge the SEC refusal to launch spotal ETF on the air:

"It is interesting to look at that, How now SEC will have to either approve the application, or argue their differences from spotes ETF. They will have to come up with, Why investment products according to the laws 1933 years differ significantly from the products of the law 1940 of the year. SEC will be difficult to do it, I think. Brilliant move ".

The analyst told, that I did not understand first, Why GrayScale generally needs an application for a futures ETF for air. But, it seems, The company's lawyers started a chess party with a regulator. And the product itself does not need Grayscale too much - this is just a move for approval of a spotal ETF.

Recall, that last week the largest BlackRock Asset Management Company also applied for the launch of a spotal ETF on the air.