The SEC has postponed its verdict on Grayscale's proposed spot ether ETF until the beginning of the new year

Claude Pascal
12 Dec 2023
Grayscale Ethereum Trust's ETF faces SEC delay until Jan. 25, as the commission needs more time to consider the proposed rule change.

The Grayscale Ethereum Trust's spot exchange-traded fund is facing a delay in its approval or disapproval decision by the Securities and Exchange Commission.

The SEC has announced that it will extend the timeline for the proposed fund's decision by 45 days until Jan. 25, as per a filing on Tuesday.

The SEC stated that it needs more time to consider the proposed rule change and the issues raised therein.

Bloomberg Intelligence analyst James Seyffart noted that the delay was expected, as the filing was due by 12/6/23.

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