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The US Securities and Exchange Commission (SEC) has announced it is extending its evaluation period for Grayscale’s Ethereum ETF by a month to January 25.
The proposal, submitted by NYSE Arca, Inc. on October 10, sought a rule change to facilitate the listing and trading of Grayscale Ethereum Trust shares under NYSE Arca Rule 8.201-E, which is dedicated to Commodity-Based Trust Shares.
This was followed by a comment period, letting the public and industry experts share their thoughts on how to create a comprehensive regulatory process.
The December 5 filing says, “The 45th day after publication of the notice for this proposed rule change is December 11, 2023. The Commission is extending this 45-day time period.”
SEC Keeps Grayscale Waiting For s ETF Approval For Seven Years
Grayscale has been pursuing regulatory approval for a spot Exchange-Traded Fund (ETF) since 2017. Once successful, it could bring cryptocurrency investment opportunities to a broader audience through traditional financial markets.
The SEC has also delayed the Hashdex Nasdaq Ethereum ETF proposal to January 1, 2024.
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