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SEC Extends Decision on Grayscale Ethereum Spot ETF

Sec

SEC (The U.S. Securities and Exchange Commission) has once again delayed its decision on the spot Ethereum exchange-traded fund (ETF) application submitted by Grayscale Investments.

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In a statement, the SEC said it is seeking public input on whether the concentration of control or influence of Ethereum based on its PoS protocol by a particular group or entity would make the fund susceptible to fraud or manipulation.

The SEC also has questions about futures Ethereum products. The agency asked for public comment on the matter within 21 days.

The SEC had previously delayed its decision until December 5.

The SEC also delayed decisions on spot Ethereum ETFs for Fidelity last week and for BlackRock, which filed an application yesterday.

Some experts in the market have expressed their opinion that a spot Ethereum ETF could be approved soon. However, others do not expect this to happen before May. Bloomberg ETF analyst James Seyffart warned investors recently, saying that the delay in spot Ethereum ETFs could continue for a few more months.


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