``` SEC delays several Ethereum ETFs, pushing final decision to May - Coin Postman
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SEC delays several Ethereum ETFs, pushing final decision to May


The US Securities and Trade Fee is pushing again its choice on a number of Ether (ETH) exchange-traded funds (ETFs) to Might 2024.

In a number of Dec. 18 regulatory filings, the company delayed its choice on the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF.

The Hashdex Ether ETF goals to carry each spot Ether and futures contracts, whereas Grayscale’s Ethereum Futures ETF is seen as a “trojan horse” that may nook the SEC into permitting Grayscale to transform its Ethereum Belief to a spot Ethereum ETF.

Within the filings, the company mentioned it was instituting proceedings that contain gathering additional public enter round whether or not or not the ETFs ought to be listed.

The company additionally pushed again its choice on the VanEck spot Ethereum ETF and the spot Ethereum ETF lodged by Cathie Wooden’s ARK Make investments and 21Shares.

In accordance with Bloomberg ETF analyst James Seyffart, these delays had been “anticipated” and had been on account of arrive someday earlier than Dec. 25.

He added that the ultimate date the regulator can determine on the ETFs will arrive in late Might.

Regardless of the SEC having accredited Ethereum futures ETFs prior to now, the company has but to approve a spot or mixed-type product.

Associated: SEC pushes deadline to decide on Grayscale spot Ether ETF

In the meantime, a lot of the market is concentrated on whether or not the SEC will approve 13 spot Bitcoin (BTC) ETFs earlier than the company. In accordance with Seyffart and fellow Bloomberg ETF analyst Eric Balchunas, the SEC could determine as early as Jan. 10.

Each analysts have pegged the probabilities of a spot Bitcoin ETF approval at 90%. The markets have been buoyed by the optimism that comes with institutional entry to Bitcoin. Within the final six months, the worth of Bitcoin has grown greater than 44%.

Whereas touting barely much less important positive aspects, Ether’s value has grown 16.8% throughout the identical time-frame, per TradingView data.

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