The Securities and Exchange Commission has made more decisions on whether to approve or disapprove several proposed applications. Ethereum ETH
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The agency said Monday it is “initiating proceedings” for the Hashdex Nasdaq Ethereum ETF and Grayscale Ethereum Futures Trust and is soliciting public input on whether the exchange-traded funds should be allowed to list, according to the filing.
Late Monday, the SEC also delay Decision on VanEck Ethereum ETF ARK 21 weeks Ethereum ETF — Public comment requested.
The SEC previously approved an ETF based on Ether futures, but not a physical Ether or hybrid fund. october, nine A gift-based product was also approved and debuted at the same time.
The cryptocurrency industry is anxiously awaiting whether the SEC will approve a spot Bitcoin ETF. That’s because companies have been meeting with SEC staff over the past month to discuss details.
previous delay
The SEC previously delay Decision on Hashdex Nasdaq Ethereum ETF last month. The ETF wants to hold both spot Ethereum and futures contracts. It is managed and controlled by Toroso Investments, a registered commodity pool operator with the Commodity Futures Trading Commission and a member of the National Futures Association.
The agency first postponed Grayscale’s proposed Ethereum futures ETF last month. The agency asked commenters on Monday whether Ethereum’s proof-of-stake agreement raises concerns about fraud and manipulation.
Comment deadlines for VanEck, Grayscale, ARK 21Shares and Hashdex are approximately the 21st.
Updated at 3:45 PM ET to include VanEck.
Updated at 4:45 PM ET to include ARK 21Shares.
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About the author
Sarah is a reporter for The Block covering policy, regulation and legal events. Sarah was previously a reporter writing about securities regulation at CQ Legal, where she first began her reporting on cryptocurrencies. She Sarah has also written for The Bond Buyer and American Banker, among other financial publications. She graduated from the University of Missouri with a degree in Print and Digital Journalism. Sarah lives in Washington, DC and she is an avid coffee lover. You can follow her on Twitter @ForTheWynn.