SEC Delays Decision on Grayscale Ethereum ETF

SEC Delays Decision on Grayscale Ethereum ETF



The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Grayscale Ethereum (ETH) Futures Trust exchange-traded fund (ETF) once more. This latest delay, revealed in a SEC document on March 22, moves the decision deadline from March 31 to May 30.



This announcement has ignited considerable intrigue and conjecture within the digital currency community, as it impacts the future of Grayscale’s Ethereum Futures Trust ETF.



The postponement occurs amidst a wider regulatory examination of cryptocurrency-related financial offerings, following the earlier sanctioning of Bitcoin ETFs this year.



Grayscale's Ethereum ETF proposal has encountered numerous delays, with the SEC requiring more time to review the suggested rule modification and address concerns. The initial decision, set for December 2023, was deferred


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#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ETF, #EthEtf, #Ethereum, #EthereumETF, #News, #Regulations, #SEC

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