SEC Postponements Continue: Agency Delays Final Decision on Several Ethereum ETFs to May 2024

Crypto News – The SEC is postponed making a decision on the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF in a number of regulatory documents dated December 18.

SEC Postponements Continue: Agency Delays Final Decision on Several Ethereum ETFs to May 2024

While Grayscale‘s Ethereum Futures ETF is perceived as a trojan horse that would coerce the SEC into enabling Grayscale to convert its Ethereum Trust to a spot Ethereum ETF, the Hashdex Ether ETF seeks to hold both spot Ether and futures contracts.

As stated in the filings, the SEC said that it was taking steps to get more feedback from the public regarding the listing of the ETFs. The organization also delayed making a decision about the VanEck spot Ethereum ETF and the spot Ethereum ETF that 21Shares and Cathie Wood’s ARK Invest submitted. It was anticipated that these delays would occur before December 25, according to James Seyffart, an analyst at Bloomberg ETF.

Wondering Whether the SEC Will Approve 13 Spot Bitcoin ETFs

The market’s primary concern is whether the SEC would permit 13 spot Bitcoin ETFs before the agency. Seyffart and Eric Balchunas, two other Bloomberg ETF analysts, claim that the SEC may make a decision as early as January 10, 2024. The likelihood of a spot Bitcoin ETF being approved is estimated by both analysts at 90%.

On the other hand, the euphoria that accompanies institutional access to Bitcoin has helped the markets. Over 44% of the price of Bitcoin has surged in the last six months.