Delays in SEC Decision: Ethereum ETFs Face Uncertainty

Dec 19, 2023

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Delays in SEC Decision on Ethereum ETFs – Summary

Delays in SEC Decision on Ethereum ETFs

Summary

The U.S. Securities and Exchange Commission (SEC) has announced delays in its decision on several Ethereum exchange-traded funds (ETFs), including the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF. The regulator has initiated procedures to gather public feedback on the listing of these ETFs, along with other spot Ethereum ETFs offered by VanEck and 21Shares. Analysts anticipate that the SEC will make a final decision on the ETFs by the end of May 2024. Meanwhile, market attention remains focused on pending approval for 13 spot Bitcoin ETFs.

Introduction

The SEC has announced delays in its decision on the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF. These delays were revealed in regulatory filings on December 18th. The SEC has also initiated procedures to gather public feedback on the listing of these ETFs, along with spot Ethereum ETFs offered by VanEck and 21Shares. Analysts anticipate that the SEC will make a final decision on the ETFs by the end of May 2024. The market is also eagerly waiting for the SEC’s decision on 13 spot Bitcoin ETFs.

Main Points

  • The SEC has delayed its decision on the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF.
  • The regulator is soliciting public feedback on the listing of these ETFs, along with other spot Ethereum ETFs offered by VanEck and 21Shares.
  • Analysts anticipate that the SEC will make a final decision on the ETFs by the end of May 2024.
  • The market is also awaiting the SEC’s decision on 13 spot Bitcoin ETFs.

Conclusion

The SEC’s decision on Ethereum ETFs, including the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF, has been delayed. The regulator is seeking public feedback on the listing of these ETFs, alongside other spot Ethereum ETFs. Analysts expect the SEC to make a final decision on these ETFs by May 2024. Meanwhile, market attention is focused on the pending approval of 13 spot Bitcoin ETFs.


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