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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.

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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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