Search Inside Bitcoins

SEC Delays Grayscale’s Ethereum ETF Decision To January

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

SEC Delays Grayscale's Ethereum ETF
SEC Delays Grayscale's Ethereum ETF

Join Our Telegram channel to stay up to date on breaking news coverage

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.SEC Delays Grayscale's Ethereum ETF Decision to 2024

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.

Related News

New Crypto Mining Platform - Bitcoin Minetrix


Bitcoin Minetrix
  • Audited By Coinsult
  • Decentralized, Secure Cloud Mining
  • Earn Free Bitcoin Daily
  • Native Token On Presale Now - BTCMTX
  • Staking Rewards - Over 50% APY
Bitcoin Minetrix

Join Our Telegram channel to stay up to date on breaking news coverage

Read next