SEC Postpones Ethereum ETF Decision Again

SEC Postpones Ethereum ETF Decision Again



The U.S. Securities and Exchange Commission (SEC) has once more deferred its verdict on an Ethereum-based Exchange-Traded Fund (ETF), specifically affecting the application by VanEck for an Ethereum ETF by assigning a new decision date. The regulatory body has now scheduled May 23 as the new deadline for its decision, simultaneously opening the floor for public commentary on this subject. This move underscores the regulator's prudence when dealing with cryptocurrencies.



In a recent document, the SEC articulated its decision to allocate additional time for a thorough review of the proposed ETF, incorporating considerations from Amendment No. 1 and various concerns presented. This delay is consistent with prior postponements experienced by other Ethereum ETF proposals, such as those by Hashdex Nasdaq and ARK 21Shares, reflecting the


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#Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ethereum, #News, #Regulations

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