Rumor Mill: Blackrock spot ETF granted preliminary approval to move forward
SEC staff has 20-ish more days to make a decision on Grayscale ruling. What are their options?
1. To appeal - they will get one more year to delay the inevitable - approving a spot ETF. SEC's arguments are well known and they will not stand in any court.
2. To deny again Grayscale and to revoke futures ETF's on the grounds of suspected manipulations. But the futures ETF's will immediately sue SEC for unjust treatment and it is obvious that they will win.
3. To approve all ETF's at once, so that SEC won't lose another trial. SEC may also put some mild conditions as surveillance agreement for Grayscale, or an information agreement for all, which will give SEC more power to investigate fraud and manipulation.