Bloomberg ETF Analyst: Grayscale will not be able to sue the SEC after withdrawing its 19b-4 application
By:Cointime
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.
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