Ethereum

The Commission

<ul class="news-points"> 
 <li>The SEC has delayed its decision regarding Grayscale’s ETH Futures ETF.</li> 
 <li>Initially set for March, the decision deadline has been pushed back to May 30.</li> 
 <li>The SEC’s decision comes as no surprise to prominent market watchers.</li> 
</ul> 
In a recent <a href="https://www.sec.gov/files/rules/sro/nysearca/2024/34-99842.pdf" target="_blank" rel="nofollow">filing</a>, the U.S. Securities and Exchange Commission (SEC) announced yet another delay in its decision regarding <a href="https://coinedition.com/grayscale-12b-bleeding-now-sinking-bitcoin-etf-net-flows/" target="_blank" rel="noreferrer noopener">Grayscale’s</a> Ethereum futures exchange-traded fund (ETF) application. Initially filed on September 19, 2023, the proposed rule change sought to list and trade the Grayscale Ethereum Futures Trust ETF shares. 
Despite previous extensions and proceedings initiated by the commission, the SEC has extended the review period by 60 days. Initially set for March 31, 2024, the decision deadline has been pushed back to May 30, 2024. 
The SEC cited the need for ample time to carefully consider the proposed rule changes and their various issues before reaching a final verdict. The statement read: 
<blockquote class="wp-block-quote is-style-default"> 
 The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has s…
</blockquote>
The post <a href="https://coinedition.com/sec-extends-decision-deadline-for-grayscale-ether-futures-etf-by-60-days/">SEC Extends Decision Deadline for Grayscale Ether Futures ETF by 60 Days</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

SEC Extends Decision Deadline for Grayscale Ether Futures ETF by 60 Days

Coin Edition

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