Ethereum

Franklin

David

<div class="cryptonews">
 <p class="is-style-lead">The U.S. Securities and Exchange Commission (SEC) has delayed&nbsp;the <a rel="noopener noreferrer nofollow" title="decision" href="https://thebittimes.com/tag/decision.html">decision</a> date for Grayscale Investments’ spot Ethereum ETF by 45 days, to Jan. 25, 2024.</p>
 <p>According to the document, 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>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 @Grayscale's Ethereum trust filing just got delayed. It was due by 12/6/23 so this is completely normal. pic.twitter.com/I6LXMZIGGN</p>— James Seyffart (@JSeyff) December 5, 2023
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 <p>In November, representatives from the agency’s trading and markets department met with Grayscale Investments staff to review the proposed conversion of Grayscale’s publicly traded Bitcoin Trust 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 <a rel="noopener noreferrer nofollow" title="decision" href="https://thebittimes.com/tag/decision.html">decision</a> on Hashdex’s <a rel="noopener noreferrer nofollow" title="application" href="https://thebittimes.com/tag/application.html">application</a> to launch a Bitcoin spot ETF to Jan. 1, 2024. At the same time, the Commission also postponed its <a rel="noopener noreferrer nofollow" title="decision" href="https://thebittimes.com/tag/decision.html">decision</a> on Grayscale’s <a rel="noopener noreferrer nofollow" title="application" href="https://thebittimes.com/tag/application.html">application</a> to launch an ETF based on Ethereum futures.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/sec-postpones-decision-on-grayscale-s-application-for-spot-ethereum-etf-tbt72752.html">https://thebittimes.com/sec-postpones-decision-on-grayscale-s-application-for-spot-ethereum-etf-tbt72752.html</a></p>

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

TheBitTimes

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