SEC delays several Ethereum ETFs, pushing final decision to May

The United States Securities and Exchange Commission is pushing back its decision on several Ether exchange-traded funds (ETFs) to May 2024.

In several Dec. 18 regulatory filings, the agency delayed its decision on the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF.

The Hashdex Ether ETF aims to hold both spot Ether and futures contracts, while Grayscale’s Ethereum Futures ETF is seen as a “trojan horse” that would corner the SEC into allowing Grayscale to convert its Ethereum Trust to a spot Ethereum ETF.

In the filings, the agency said it was instituting proceedings that involve gathering further public input around whether or not the ETFs should be listed.

#news #eth #sec #etf

Dec-19-2023 08:39:03 AM