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SEC delays several Ethereum ETFs, pushing final decision to May

cryptocurrency December 19, 2023

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The SEC has pushed back its decision on a roster of Ethereum ETFs, with the final date for a potential approval arriving in late May.

The United States Securities and Exchange Commission (SEC) is pushing back its decision on several Ether (ETH) exchange-traded funds (ETFs) to May 2024.

In multiple Dec. 18 regulatory filings, the agency delayed its decision on the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF.

The Hashdex Ether ETF aims to hold both spot Ether and futures contracts, while Grayscale’s Ethereum Futures ETF is seen as a “trojan horse” that would corner the SEC into allowing Grayscale to convert its Ethereum Trust to a spot Ethereum ETF.

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