The US Securities and Alternate Fee (SEC) has delayed its determination on whether or not to approve or disapprove of a spot Ethereum exchange-traded fund, or ETF, providing from asset supervisor Grayscale.
In a Dec. 5 discover, the SEC stated it might designate an extended interval on whether or not to approve or disapprove of a proposed rule change that may permit NYSE Arca to listing and commerce shares of the Grayscale Ethereum Belief. The fee’s announcement was one of many first following an appellate courtroom ordering the SEC to overview Grayscale’s Bitcoin (BTC) ETF providing in October.
“The Fee finds it acceptable to designate an extended interval inside which to take motion on the proposed rule change in order that it has ample time to think about the proposed rule change and the problems raised therein,” stated the SEC. “Accordingly, the Fee […] designates January 25, 2024, because the date by which the Fee shall both approve or disapprove, or institute proceedings to find out whether or not to disapprove, the proposed rule change.”
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