The article discusses the potential impact of Grayscale’s legal win over the SEC on the approval of Ethereum futures exchange-traded funds (ETFs). The author, Mike Selig, a cryptocurrency lawyer and former CFTC official, believes that the SEC would face similar legal challenges as in the Grayscale case if it denies approval for Ethereum futures ETFs. Selig suggests that by approving an Ethereum futures ETF, the SEC would effectively concede that Ethereum is not a security. This decision could also have repercussions on the Coinbase and Binance litigation. The article also mentions that the SEC has postponed approval deadlines for Bitcoin and Ethereum spot ETFs. The opinions expressed in the article are not investment advice and readers are encouraged to conduct their own research.
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