The SEC Has Postponed Its Decision on Grayscale’s Proposed Spot Ether ETF Until the New Year

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Last Updated on December 6, 2023 by Bitfinsider

The Securities and Exchange Commission has postponed a decision on whether or not to approve the Grayscale Ethereum Trust’s spot exchange-traded fund.

According to a filing on Tuesday, the SEC has extended its deadline for a decision on the proposed fund by 45 days to January 25.

“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the Securities and Exchange Commission (SEC) said.

“As expected, @Grayscale’s Ethereum trust filing just got delayed,” said Bloomberg Intelligence analyst James Seyffart on X. “It was due by 12/6/23 so this is completely normal.”

The SEC has recently postponed a decision on the proposed Hashdex Nasdaq Ethereum ETF, which would hold both spot and futures contracts. Other corporations, including BlackRock, are considering launching a spot ether ETF if regulatory approval is obtained.

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