The US Securities and Exchange Commission (SEC) postponed the decision date for 4 different Ethereum-focused ETF applications to 2024.
The SEC postponed the final decision date on 4 different spot Ethereum (ETH) exchange traded fund (ETF) applications to next year. Among the postponed applications Hashdex Nasdaq Ethereum ETF, Grayscale Ethereum Futures Trust, VanEck Ethereum ETF And ARK 21Shares Ethereum ETFIt took place.
regulatory body spot Bitcoin ETFHe also postponed the decision dates regarding the ‘s to next year. The SEC’s justification for the latest postponements was the same as the previous ones. Organisation more reviews to be done and public feedback By stating that it should be taken, he gained time for the process. The decision regarding the ETF applications in question will be forthcoming. 21 days It is expected to be given within.
To date, the SEC has not approved any spot Bitcoin and Ethereum ETF applications. But it had previously approved an Ethereum futures ETF. Last October, nine different futures Ethereum ETF products were approved simultaneously and started trading.
SEC’s spot Bitcoin and Ethereum applications collectively in 2024 approval is expected.