SEC Postpones Decision on Grayscale's Ethereum ETF Application

SEC Postpones Decision on Grayscale's Ethereum ETF Application



The U.S. Securities and Exchange Commission (SEC) has postponed its decision regarding Grayscale's application to transform its Ethereum Trust into a spot Ethereum ETF. The regulatory authority has set a new decision deadline for June 23, as it requires additional time to review the proposal and address concerns highlighted in the amended application.



In a detailed statement, the SEC expressed the necessity for an extended period to adequately assess the rule change proposal and its implications, as outlined in Amendment No. 1. This amendment is critical as it pertains to allowing U.S. national securities exchanges to list and trade this new type of ETF.



Grayscale initially filed a Form 19b-4 with NYSE Arca in October, seeking to convert its existing Ethereum Trust (ETHE) into a spot ETF. This filing follows the successful


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#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ETH, #EthEtf, #Ethereum, #EthereumETF, #News, #Regulations

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