The U.S. Securities and Exchange Commission (SEC) has postponed the decision on two different spot Ethereum (ETH) exchange-traded fund (ETF) applications.
Joint “ARK 21Shares” spot of SEC, Ark Invest and 21Shares Bitcoin (BTC) ETF application as well as the Global X Bitcoin Trust ETF decision. from postponement watches later in spot Ethereum ETFs same decision took.
by the regulatory body 27 September In the statement made on the day ARK 21Shares Ethereum ETF And VanEck Ethereum ETF decision regarding their application was postponed announced. SEC as new decision date December 26th he pointed out.
SEC to decide on such an important issue and make rule changes. more time is needed emphasized:
The Commission should have sufficient time to consider the proposed rule change and the issues raised therein. We find it appropriate to continue investigating for a longer period of time to take action on the proposed rule change.
SEC to approve or reject such applications. 240 days is available. This is based on the postponed day for ARK and VanEck’s Ethereum ETF applications. May 2024 indicates the date.
The regulator recently made a similar statement regarding the ARK Invest 21Shares spot Bitcoin ETF decision. January 10, 2024 date, and the Global X Bitcoin Trust ETF decision was made 21 November 2023 announced that it had postponed the date.
The SEC, which has never approved any spot Bitcoin or Ethereum ETFs, currently BlackRock, Fidelity, WisdomTree And Bitwise like trillion dollar continues to review companies’ applications.
market analysts, These application decisions are also He thinks it will be postponed. The regulatory body announced several announcements in October. spot ETF will need to decide on your application.