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$58,641.00 0.85992
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Ethereum
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$3,153.86 0.40526
Ethereum price
BNB
BNB (BNB)
$531.36 -0.56475
BNB price
Solana
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$139.78 0.76237
Solana price
XRP
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$0.5384320 15.31402
XRP price
Shiba Inu
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$0.0000171 3.98078
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Pepe
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$0.0000086 -1.96053
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Bonk
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$0.0000224 -1.12489
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Bitcoin
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Ethereum
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BNB
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$531.36 -0.56475
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Solana
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Solana price
XRP
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$0.5384320 15.31402
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Shiba Inu
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$0.0000171 3.98078
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Bitcoin
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Bitcoin price
Ethereum
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$3,153.86 0.40526
Ethereum price
BNB
BNB (BNB)
$531.36 -0.56475
BNB price
Solana
Solana (SOL)
$139.78 0.76237
Solana price
XRP
XRP (XRP)
$0.5384320 15.31402
XRP price
Shiba Inu
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$0.0000171 3.98078
Shiba Inu price
Pepe
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SEC postpones decision on Grayscale’s application for spot Ethereum ETF

sec-postpones-decision-on-grayscales-application-for-spot-ethereum-etf
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SEC postpones decision on Grayscale’s application for spot Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has delayed the decision date for Grayscale Investments’ spot Ethereum ETF by 45 days, to Jan. 25, 2024.

According to the document, Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or as to which the self-regulatory organization consents.

“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.”

SEC statement

Bloomberg Intelligence analyst James Seyffart said the delay was expected and “completely normal.”

In November, representatives from the agency’s trading and markets department met with Grayscale Investments staff to review the proposed conversion of Grayscale’s publicly traded Bitcoin Trust into a Bitcoin spot ETF. The meeting was attended by David Shillman, deputy director of the SEC’s Division of Trading and Markets, who oversees the US equity, options, and fixed-income markets.

In November, the SEC also postponed its decision on Hashdex’s application to launch a Bitcoin spot ETF to Jan. 1, 2024. At the same time, the Commission also postponed its decision on Grayscale’s application to launch an ETF based on Ethereum futures.