Ethereum

David

James

<p class="is-style-lead">The U.S. Securities and Exchange Commission (SEC) has delayed&nbsp;the decision date for Grayscale Investments’ spot Ethereum ETF by 45 days, to Jan. 25, 2024.</p> 
<p>According to <a href="https://www.sec.gov/files/rules/sro/nysearca/2023/34-99082.pdf" target="_blank" rel="noopener">the document</a>, Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or as to which the self-regulatory organization consents.</p> 
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 <p>“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.”</p> <cite>SEC statement</cite>
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<p> You might also like: <a href="https://crypto.news/bloomberg-blackrock-and-grayscale-meeting-with-sec-about-bitcoin-etf-issuance/"> Bloomberg: BlackRock and Grayscale meeting with SEC about Bitcoin ETF issuance </a> </p> 
<p>Bloomberg Intelligence analyst James Seyffart said the delay was expected and “completely normal.”</p> 
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   <p lang="en" dir="ltr">Update: As expected <a href="https://twitter.com/Grayscale?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@Grayscale</a>'s Ethereum trust filing just got delayed. It was due by 12/6/23 so this is completely normal. <a href="https://t.co/I6LXMZIGGN" target="_blank">pic.twitter.com/I6LXMZIGGN</a></p>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1732128390897877088?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 5, 2023</a>
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<p>In November, representatives from the agency’s trading and markets department <a href="https://crypto.news/grayscale-updates-spot-bitcoin-etf-application-after-meeting-with-sec/">met</a> with Grayscale Investments staff to review the proposed conversion of Grayscale’s publicly traded <a href="https://crypto.news/grayscale-updates-gbtc-agreement-for-first-time-since-2018/">Bitcoin Trust</a> into a Bitcoin spot ETF. The meeting was attended by David Shillman, deputy director of the SEC’s Division of Trading and Markets, who oversees the US equity, options, and fixed-income markets.</p> 
<p>In November, the SEC also postponed its decision on <a href="https://crypto.news/sec-postpones-hashdexs-spot-bitcoin-etf-application/">Hashdex’s application </a>to launch a Bitcoin spot ETF to Jan. 1, 2024. At the same time, the Commission also postponed its decision on Grayscale’s application to launch an ETF based on Ethereum futures.</p> 
<p> You might also like: <a href="https://crypto.news/sec-extends-comment-window-for-franklin-templeton-and-hashdex-bitcoin-etfs/"> SEC extends comment window for Franklin Templeton and Hashdex Bitcoin ETFs </a> </p>

SEC postpones decision on Grayscale’s application for spot Ethereum ETF

crypto.news

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