The Securities and Exchange Commission (SEC) has delayed its decision on Grayscale Investments’ spot ether exchange-traded fund (ETF) until mid-January. This follows a previous delay on Grayscale’s request to launch an ether futures ETF. Grayscale is seeking to convert its Grayscale Ether Trust into an ETF as part of its efforts to establish a line of spot digital-asset ETFs. While the SEC has permitted ETFs tracking bitcoin and ether futures, it has been delaying and blocking spot ETF applications, including those from firms like BlackRock and Fidelity.
Decision on Grayscale Investments’ spot ether exchange-traded fund (ETF) delayed until mid-January
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ETF Newz Says:
The SEC’s decision on Grayscale’s spot ether ETF approval remains uncertain, despite the recent watershed lawsuit victory by Grayscale against the SEC.