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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Analysts Remain Bullish on SpaceX Stock Despite Recent Challenges

chest

Despite recent challenges, analysts maintain a bullish outlook on SpaceX stock, citing its unique positioning in the market.

user avatarDavid Robinson

SpaceX Stock Faces Volatility Amid Lockup Expirations

chest

SpaceX stock has experienced significant fluctuations due to recent lockup expirations, with investors questioning its future performance.

user avatarAndrew Smith

Meta's Valuation Advantage Over SpaceX

chest

Despite SpaceX's rapid growth, Meta has a more favorable stock valuation, trading at about 66 times sales compared to SpaceX's 45 times sales.

user avatarZainab Kamara

SpaceX Outpaces Meta in Revenue Growth

chest

SpaceX's revenue grew by 92% year-over-year, while Meta's revenue increased by 28%. SpaceX's growth is driven by demand for AI and connectivity, whereas Meta's growth is slower but consistent.

user avatarJacob Williams

SpaceX and Meta Compete for $2 Trillion Valuation

chest

SpaceX and Meta are competing for a $2 trillion market valuation, with SpaceX having briefly reached this mark in June.

user avatarSon Min-ho

SanDisk's Impressive Stock Performance Post Spin-off

chest

SanDisk has experienced a remarkable stock increase of almost 3,900% since its spin-off from Western Digital, driven by high demand for NAND flash memory, with analysts suggesting over 50% upside from current levels.

user avatarAyman Ben Youssef

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.