SEC Postpones to May its Decision on Various Ethereum ETFs

The SEC has announced that its decision regarding several Ether (ETH) exchange-traded funds (ETFs) has been postponed until May 2024.

This delay was revealed in a series of regulatory filings on December 18, in which the agency pushed back its decision on the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF.

The Hashdex Ether ETF is designed to hold both spot Ether and futures contracts, while the Grayscale Ethereum Futures ETF is being seen as a potential “trojan horse” that could coerce the SEC into allowing Grayscale to convert its Ethereum Trust to a spot Ethereum ETF.

The agency stated in the filings that it has initiated proceedings to gather additional input from the public to determine whether or not the ETFs should be listed.

Additionally, the SEC has also delayed its decision on the VanEck spot Ethereum ETF and the spot Ethereum ETF proposed by Cathie Wood’s ARK Invest and 21Shares.