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Adam Snyder
@adamsnyder.eth
1/2 For those who believe that the SEC will deny the ETH spot ETF in May, what is your best guess as to the SEC’s justification for the denial? Personally, I don’t see a plausible justification. The SEC already approved ETH Futures ETFs, so I don’t see how they justify denying a spot ETF of the same product.
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Adam Snyder
@adamsnyder.eth
2/2 Inconsistent treatment of future and spot ETFs would recreate the same fact pattern that caused the DC Circuit to strike down the SEC’s initial denial of spot ETFs for BTC. I understand that the SEC may have political motives but they still need some colorable basis for a denial. What am I missing?
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