SEC Delays Decision on These Ethereum ETFs Until May

Bloomberg analyst James Seyffart said the Commission’s latest move has extended the final date for the approval or disapproval of the proposals to May 2024, although the delay orders for VanEck, Ark Invest/21Shares, and Hashdex were due by December 25, 26, and January 1, respectively.

Invesco and Grayscale Not Left Out
The new filings come shortly after the SEC extended the deadlines for Ethereum ETF applications from Invesco/Galaxy Digital and Grayscale Investments. The former is looking to launch a fresh spot Ethereum ETF, while the latter intends to convert its Grayscale Ethereum Trust (ETHE) into a spot product.

The agency’s initial decision for the Invesco Galaxy Ethereum spot ETF was scheduled for December 23; however, the delay has pushed the new date to February 4. On the other hand, Grayscale’s public comments period has ended, but the SEC decided to designate a longer time to determine if the proposed rule change would be approved.

Meanwhile, the crypto community anticipates the approval of about 13 applications for spot Bitcoin ETFs by January.#ContentStar #HotTopicDiscussion #GateLive #NewYearCelebration #ContentMining #Gate post Highlights #HotColumn