Grayscale's Ether Futures ETF Bid Seen as Clever Tactic to Push for Spot ETF Approval
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Grayscale's Ether futures ETF application is a "trojan horse" to get SEC approval for a spot Ether ETF, says analyst James Seyffart.
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If approved, Grayscale can argue for spot ETF. If denied, Grayscale can contrast treatment of Bitcoin and Ether futures ETFs.
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Seyffart initially unsure of Grayscale's strategy, but now believes it is "chess" move to corner SEC.
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Seyffart and others doubt Ether futures ETF will actually launch.
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Comes as SEC further delayed decisions on Grayscale and Hashdex spot Bitcoin ETF applications.