Last week, two major events in the crypto space occurred: the SEC's delay on spot Ethereum ETFs and the failure of FTX 2.0 relaunch rumors.
SEC Delay on Spot Ethereum ETFs
According to documents from October 11, the US SEC once again postponed its decision on spot Ethereum ETF options. This issue relates to the proposed rule change to list such options on the Cboe exchange. The new deadline is set for December 3.
FTX 2.0 Relaunch Failure
Despite rumors about FTX 2.0's relaunch, the plan was abandoned. FTX CEO John J. Ray III mentioned in 2022 about seeking partners for a relaunch, but FTX's attorney informed the judge that no investors were found.
Conclusion and Market Implications
While these events seem unrelated, they have had a significant impact on market sentiment and expectations. The SEC delay complicates the regulatory path, while FTX 2.0 rumors have reduced trust.
Future volatility and uncertainty in the crypto market remain high. Investors should remain cautious and keep an eye on policy and platform developments.