The SEC has postponed the decision to launch two Ethereum ETFs until May 2024

The SEC has postponed the decision to launch two Ethereum ETFs until May 2024

user avatar

by Max Nevskyi

3 years ago

The U.S. Securities and Exchange Commission (SEC) has postponed the decision on two ETFs related to Ethereum, specifically the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF, until May 2024.

The Hashdex Nasdaq Ethereum ETF combines investments directly in ETH with investments in Ethereum futures. Grayscale's application is believed to have strategic significance: if approved, the company could transform its private investment fund, Ethereum Trust, into an ETF for Ethereum on the spot market.

SEC has announced that it will conduct additional discussions and gather comments from the public regarding the approval of these ETF listings.

As Bloomberg analyst James Seyffart pointed out, the delay in the decision regarding Ethereum ETFs was expected, especially considering that the regulator is currently focused on reviewing applications for Bitcoin ETFs. It is anticipated that such funds will enter the market in early next year.

Seyffart noted that SEC does not classify Ethereum as a security, making the approval of Ethereum ETFs on the spot market quite likely in the near future.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Getty Images Stock Trading Suspended by NYSE

The New York Stock Exchange has suspended trading of Getty Images stock as of September 29, 2023, due to the company's ongoing financial issues and significant debt.

user avatarJacob Williams

Getty Images Faces Bankruptcy Risks Amid Rescue Financing Talks

Getty Images is in confidential discussions with lenders for a rescue financing deal, which may lead to bankruptcy and a lender takeover.

user avatarZainab Kamara

Tavus Launches Griffin, a Revolutionary AI for Human Interaction

Tavus introduces Griffin, an AI model that convincingly simulates human conversation during live video calls.

user avatarAyman Ben Youssef

Griffin Outshines Previous AI Models in Live Conversation Tests

Griffin outperforms its predecessor GriffinLite and other AI models in live conversation tests.

user avatarSon Min-ho

Dolphin Token Listed on Upbit with Three Trading Pairs

Dolphin (POD) has been officially listed on Upbit, one of South Korea's leading cryptocurrency exchanges, with three trading pairs: KRW, BTC, and USDT.

user avatarNguyen Van Long

Optimism Releases Opnode Update to Enhance Sequencer Performance

Optimism has launched a new opnode update aimed at improving the performance of sequencers and preventing configuration errors from causing upgrade issues.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.