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SEC Allegedly Delays Grayscale’s Ethereum Futures ETF Application

According to breaking information, the SEC decided to postpone the decision day on the Ethereum Futures ETF for which Grayscale applied.

Grayscale made the application in question on September 20, 2023.

The application was made pursuant to the provisions of the Securities Exchange Act of 1934 and the rule amendment filed by the NYSE with the SEC. The ETF will be managed by Grayscale Advisors, which is also referred to as a “sponsor” in the filing.

The SEC had previously approved Ethereum Futures ETFs. This ETF application was also expected to be approved, but the institution decided to postpone it.

Grayscale had won a major, albeit partial, victory against the SEC in its efforts to convert the publicly traded Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. However, GBTC has not yet become a Bitcoin Spot ETF and no Bitcoin Spot ETF has yet received approval from the SEC.

*This is not investment advice.

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