Hassan Maishera
TL;DR
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The SEC has delayed its decision on Grayscale’s proposed spot Ether ETF.
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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.
