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CryptoIntelligence 2024-03-25 06:50:00

SEC Delays Decision on Grayscale Ethereum ETF, Citing Need for Further Review Amid Industry Scrutiny

SEC Delays Decision on Grayscale Ethereum ETF, Citing Need for Further Review Amid Industry Scrutiny

The United States Securities and Exchange Commission (SEC) has once more deferred its decision on the Grayscale Ethereum Futures Trust exchange-traded fund (ETF) application. Initially set for March 31, the SEC pushed back the deadline to May 30, allowing more time to evaluate the application and address the concerns it raises. This postponement follows a previous delay in December 2023, when the SEC sought further public feedback on the proposed ETF, which aims to invest in Ethereum futures contracts. The SEC’s hesitance to make a swift decision underscores its cautious approach, emphasizing the need for thorough consideration: “The Commission finds

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