Bloomberg ETF Analyst: Grayscale will not be able to sue the SEC after withdrawing its 19b-4 application
According to reports, Grayscale submitted a file to withdraw its Ethereum futures ETF 19b-4 application on May 7th, and there are only three weeks left for the SEC to make a decision on its application.
In response, Bloomberg ETF analyst James Seyffart commented that if you don't want to annoy the SEC, withdrawing and re-filing requires less effort for the SEC. However, at the same time, this means that Grayscale or anyone else can't file a lawsuit now.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Announcement on the removal of the "Signal Calls" feature from the app
[Initial listing] Bitget to list MAGNE.AI (MHA)
CandyBomb x DGAI (Episode 2): Trade to share 50,000 USDT
CandyBomb x MCAT: Trade to share 60,000 USDT
Crypto prices
More
