SEC pushes back deadline to decide on grayscale spot Ether ETF

THE commission said he will to have until January 2024 has reach A decision on THE place Ether investment vehicle Or institute procedure has extend THE deadline once again.

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THE United States Securities And Exchange Commission has delayed It is decision on if has approve Or to disapprove of of A place Ether (ETH) exchange traded funds, Or ETFs, offer Since active director Grayscale.

In A Dec. 5 notice, THE SECOND said he would be designate A longer period on if has approve Or to disapprove of of A propose ruler change that would be allow New York stock market Arca has list And trade actions of THE Shades of grey Ethereum Trust. THE commissions announcement was A of THE First of all following A to appeal court order THE SECOND has goodbye Shades of grey Bitcoin (BTC) ETFs offer In October.

"THE Commission find he appropriate has designate A longer period In which has take action on THE propose ruler change SO that he has sufficient time has consider THE propose ruler change And THE problems raised the bridle," said THE SECOND. "Therefore, THE Commission [...] designates January 25, 2024, as THE date by which THE Commission duty either approve Or to disapprove of, Or institute procedure has determine if has to disapprove of, THE propose ruler change. »

Update: As expected @Grayscale's Ethereum trust deposit just obtained delayed. He was due by 06/12/23 SO This East completely normal. pic.twitter.com/I6LXMZIGGN

— James Seyffart (@JSeyff)