Odaily Planet Daily News Cinneamhain Ventures partner Adam Cochran posted on the X (formerly Twitter) platform that the SEC has three options for court judgments: postpone the decision and propose new reasons for rejection; admit and approve (grayscale ETF); request all The judge appealed the case (appeal in full).
Yet given the reasoning behind the court's decision and the fact that they repeatedly point out that the committee failed to support any of its arguments, a full appeal would be a dire decision that would likely only irritate the court.
In previous news, Bloomberg ETF analyst James Seyffart said that the SEC could file an appeal for a full hearing within 45 days.