Crypto:
29757
Bitcoin:
$67.098
% 0.09
BTC Dominance:
%54.3
% 0.12
Market Cap:
$2.43 T
% 0.29
Fear & Greed:
73 / 100
Bitcoin:
$ 67.098
BTC Dominance:
% 54.3
Market Cap:
$2.43 T

SEC Delays Ethereum ETF Decisions!

SEC has once again delayed its decision regarding the Ethereum ETF application of many important investment companies!

On 18 December, the United States Securities and Exchange Commission (SEC) delayed its decision to evaluate the EHashdex Nasdaq Ethereum ETF and Grayscale Ethereum Futures ETF applications until May 2024, along with procedures that included gathering more public input.

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This decision draws attention with the aim of the Hashdex ETF to hold both spot Ether and futures contracts, and the potential of the Grayscale Ethereum Futures ETF to convert the Ethereum Trust into a spot Ethereum ETF.

This development is considered as “expected” by Bloomberg ETF analyst James Seyffart, and a decision was expected before December 25. Seyffart predicts the SEC’s final decision date on Ethereum ETFs as the end of May.

On the other hand, the SEC has also withdrawn the spot Ethereum ETF applications submitted by VanEck and ARK Invest and 21Shares. This situation shows that the regulator has not yet approved a spot or hybrid type Ethereum product.

In addition to this news, the market is focused on whether the SEC will approve 13 spot Bitcoin ETFs. According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the SEC could make its decision about spot Bitcoin ETFs as early as January 10. Both analysts estimate the chance of spot Bitcoin ETF approval as 90%.

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