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Grayscale Investments is utilizing its Ether (ETH) futures exchange-traded fund (ETF) software as a “computer virus” to nook the US Securities and Trade Fee into approving its spot Ether ETF, says Bloomberg ETF analyst James Seyffart.

Seyffart stated in a Nov. 15 X (Twitter) put up following the SEC delaying Grayscale’s ETH futures ETF bid that he believes if the SEC approves Grayscale’s software, then it might allow Grayscale to argue for the approval of its spot Ether ETF software.