US SEC Delays Decision On Grayscale's Proposed Spot Ether ETF

Twitter icon  •  Published 2ヶ月前  •  Hassan Maishera

The US SEC has delayed its decision on Grayscale’s spot Ether ETF application for another 45 days.

TL;DR

  • The SEC has delayed its decision on Grayscale’s proposed spot Ether ETF.

  • The regulator extended its decision by 45 days.

SEC Delays Grayscale’s Spot Ether ETF Application

The United States Securities and Exchange Commission (SEC) has delayed its decision on whether to approve or disapprove the Grayscale Ethereum Trust's spot exchange-traded fund (ETF).

In a filing on Tuesday, the regulator said it was extending its timeline for a decision on the proposed fund by 45 days to Jan. 25. The SEC said,

"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 regulatory agency recently delayed its decision on the proposed Hashdex Nasdaq Ethereum ETF. The ETF intends to hold both spot ether and futures contracts.

 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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