SEC delays 19b-4 review of Grayscale Ethereum Futures ETF

Bloomberg analyst James Seyffart said on the

Analysts say: Grayscale may hope to force the SEC to make a 19b-4 decision on Ethereum futures ETFs, using an example similar to the TeucriumETFs/hashdex19b-4 ruling that it used extensively in the GBTC victory to point out the SEC’s decision between futures and spot. The hypocrisy of the decision. None of the current Ethereum futures ETFs have been approved under this process. If the SEC rejects spot Ethereum ETFs in 2024, and the industry has no SEC decision-making process to refer to, the 19b-4 futures ETF approval letter will be another court battle. Get ready for a big war, this is likely to be a repeat of the GBTC case.

In addition, the existing Ethereum futures ETFs in the US market are products based on Act 40 and do not need to go through the 19b-4 process.