The US Securities and Exchange Commission (SEC) has again postponed the application made by Grayscale for a spot Ethereum ETF.
While SEC explained the reason for the postponement of the application, the information used in Ethereum proof-of-stake algorithm and its “concentration of control or influence in the hands of a few individuals or institutions” in the network He pointed out whether it would lead to or not.
According to the statement made by the SEC, feedback regarding the institution’s postponement decision can be made within 21 days. There will be a 35-day period to refute the concerns expressed by the institution.
The institution that oversees the securities market also decided to postpone the spot Ethereum ETF applications made by BlackRock and Fidelity.
Cryptocurrency experts say spot Ethereum ETFs whether to approve or not They are divided on the issue. Bloomberg Intelligence analyst James Seyffart predicts the next important date for spot Ethereum ETFs It is May 23 told.