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

SEC Provides Regulatory Clarity for Canton Coin

The SEC classifies Canton Coin as a digital commodity, providing regulatory clarity for its issuance and distribution model.

user avatarFilippo Romano

Bitbase Launches ORIGIN Points Program to Reward User Engagement

Bitbase has launched the ORIGIN Points program to reward user engagement over 26 weeks, distributing 1,000,000 points weekly starting November 4, 2026.

user avatarEmily Carter

Bitbase Launches ORIGIN Points Program to Reward User Participation

Bitbase has introduced ORIGIN, a new points program rewarding user participation over six months.

user avatarTomas Novak

Political Changes Prompt Scrutiny of AI Infrastructure and Energy Consumption

Political changes following the 2026 US midterm elections have led to increased scrutiny of AI infrastructure spending and its environmental impacts, particularly in Texas.

user avatarKaterina Papadopoulou

Elon Musk Proposes Orbital Data Centers Amid Political Changes

Elon Musk suggests moving AI data centers into space due to political changes affecting energy consumption and infrastructure.

user avatarMaya Lundqvist

Crypto Faces Setback in Ohio Election

Crypto-aligned political groups faced a major setback in Ohio as Democrat Sherrod Brown won against Republican Jon Husted despite significant spending.

user avatarLeo van der Veen

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.