• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
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

2 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Polymarket Traders Cash In on Temperature Spikes in Paris

chest

Traders on Polymarket made significant profits from unusual temperature spikes reported by Météo France, leading to a police complaint.

user avatarKaterina Papadopoulou

Regulatory Scrutiny Intensifies for Prediction Markets After Polymarket Incident

chest

The recent betting incident involving Polymarket has raised significant concerns regarding the integrity of prediction markets, prompting bipartisan US senators to introduce legislation aimed at banning such platforms from offering sports-related wagers.

user avatarMaya Lundqvist

Tether Freezes $344 Million in USDT in Coordination with US Authorities

chest

Tether has frozen over $344 million in USDT across two Tron addresses as part of a compliance action with US authorities.

user avatarLeo van der Veen

Surveillance Accountability Act Introduced to Protect Digital Privacy

chest

The Surveillance Accountability Act was introduced to require federal agencies to obtain a warrant based on probable cause before accessing Americans' digital records.

user avatarLi Weicheng

Uzbekistan Launches New Crypto Mining Zone to Boost Economy

chest

Uzbekistan has launched a new state-sanctioned crypto mining zone in Karakalpakstan to attract foreign investment and stimulate economic activity.

user avatarAisha Farooq

DeFi Faces Major Liquidity Shock Following Exploit

chest

A significant exploit at Kelp DAO has triggered a systemwide liquidity crisis in the DeFi ecosystem, leading to a dramatic decline in Aave's total value locked.

user avatarTenzin Dorje

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.