Skepticism of an Eth ETF is the only view that accounts for GG & Warren.

GG repeatedly testified that BTC was a commodity. Even then, lawsuits had to force the issue. GG famously refused to say what Eth is. POS makes Eth different than BTC.

Argument used against Solana in SEC v. Coinbase will easily stop an Eth ETF.

Chief of Staff @ Confusion Capital | fmr. web3 @ US House of Reps  | MBA Candidate @ UVA Darden | Writing @ ByteLeg.com 

Founding Partner @ Castle Island Ventures; co-host of On The Brink w/ Castle Island; previously @Fidelity

Agreed, but even then, how many months or years will the lawsuit take?

I agree that the SEC will not approve it.  Will take a lawsuit. The only question is who will be the one to sue the SEC?

What do you make of the fact that the SEC already approved a futures ETF for Eth? It’s literally the same exact reasoning from the BTC case. You really think the SEC wants to pick another fight they are guaranteed to lose? I doubt it.

Like people saying above, CFTC has made clear for a while it thinks ETH is a commodity and it’s the regulator in charge (https://finance.yahoo.com/news/cftc-chair-calls-ethereum-commodity-111551034.html) SEC could’ve contested and didn’t. COIN lawsuit arguments also strengthen case for no security.

You have to go back to when GG was teaching MIT blockchain courses to find him saying nice things about ETH