Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Ethereum ETFs Affected by SEC’s Delayed Decision – Here’s How
ALTCOIN NEWS

Ethereum ETFs Affected by SEC’s Delayed Decision – Here’s How

By Crypto FlexsSeptember 26, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum ETFs Affected by SEC’s Delayed Decision – Here’s How
Share
Facebook Twitter LinkedIn Pinterest Email
avatar

reporter

Posted: September 26, 2024

  • SEC Delays Decision on BlackRock and Bitwise Ethereum ETF Options Until November
  • Ethereum ETFs are facing $624.4 million in outflows, led by Grayscale’s Ether ETF.

The U.S. Securities and Exchange Commission (SEC) has extended the period for reviewing Nasdaq’s proposal to list and trade options on BlackRock’s iShares Ethereum (ETH) Trust (ETHA).

ETHA on Blackrocks is delayed

The SEC originally scheduled a decision by September 26, but has now delayed it until November 10.

In a statement released on September 24, the agency explained that the delay would give it additional time to assess the potential impact the listing could have on market stability and thoroughly review its impact on the broader financial environment.

The press release added:

“The Commission believes it is appropriate to provide a longer period of time to take action on the proposed rule change to allow sufficient time to consider the proposed rule change.”

What’s behind this?

Under Section 19(b)(2) of the Securities Exchange Act, the SEC has the authority to delay its decision on a proposal for up to 90 days.

This extension provides regulators with additional time to thoroughly assess potential market risks and stability before making a final ruling.

This will allow the SEC to comprehensively review the full impact that its decision may have on the broader financial environment.

In a separate incident, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on NYSE American’s proposal to list and trade options on Bitwise’s spot Ethereum ETFs, including the Grayscale Ethereum Trust and Grayscale Ethereum Mini Trust.

The deadline for this decision has been extended to November 11.

Blackrock’s IBIT gets recognition

In a seemingly contrasting move, the SEC recently approved Nasdaq’s request to list and trade options on BlackRock’s spot Bitcoin (BTC) ETF.

On September 20, the SEC (United States Securities and Exchange Commission) officially approved options trading on the iShares Bitcoin Trust, which will trade under the ticker symbol IBIT.

According to Nasdaq, these options will trade under the same terms and conditions as other ETF options, further expanding the investment opportunities surrounding Bitcoin.

Is Ethereum ETF Performance a Problem?

That said, Ethereum ETFs have experienced significant outflows since their launch, led primarily by Grayscale’s Ether ETF (ETHE), which has seen cumulative outflows of $624.4 million.

Outflows have been particularly pronounced in recent weeks, with $79 million withdrawn on September 23, the largest net outflow since July.

Grayscale’s ETHE was the biggest loser, losing a whopping $80.6 million in a single day — the largest single-day loss since a spot Ether ETF launched earlier this year.

Although there are occasional inflows, the overall trend is still that there are significant withdrawals from these funds.

Next: FLOKI on the way to a major rally with bullish signals.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

ETF Land Rush: Solana’s filing speed outpaces XRP and matches BTC.

October 23, 2025

Crypto Market Rebound, L2 Surge and ZEC Shock: Daily Insights

October 16, 2025

The throat is falling, but the jupnet and ajup spark recovery reduce the potential

October 2, 2025
Add A Comment

Comments are closed.

Recent Posts

Swiss Bitcoin App Relai Acquires MiCA License In France

October 27, 2025

Tapzi Presale Gains Traction with DeepSnitch AI and Bitcoin Hyper

October 27, 2025

The first extension for Solana developers

October 27, 2025

River Public Sale – 48-Hour Dutch Auction Lowest Price Settlement, Claim And Refund Instantly After End

October 27, 2025

Jiuzi Holdings, Inc. Partners With SOLV Foundation On $2.8B TVL Bitcoin Initiative To Advance Crypto Treasury Strategy

October 27, 2025

Why Elon Musk’s SpaceX transferred $133 million in Bitcoin

October 27, 2025

Stablecoin payments reach $10 billion with mainstream adoption

October 26, 2025

Ethereum Rebounds from Bull Market Support: Can It Conquer the ‘Pocket of Gold’ Next?

October 26, 2025

TRX Price Prediction: TRON targets $0.35-$0.62 despite the current oversold situation.

October 26, 2025

Shamir’s Secret Sharing (SSS) for secure quantum data storage

October 25, 2025

MultiBank Group and Khabib Nurmagomedov Launch an Exclusive Worldwide Multi-Billion-Dollar Joint Venture to Build the World’s First Regulated Tokenized Sports Ecosystem.

October 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Swiss Bitcoin App Relai Acquires MiCA License In France

October 27, 2025

Tapzi Presale Gains Traction with DeepSnitch AI and Bitcoin Hyper

October 27, 2025

The first extension for Solana developers

October 27, 2025
Most Popular

Southeast Asian super app Grab launches cryptocurrency payment option in Singapore

March 19, 2024

The merchant said Bitcoin and Altcoins are “primary to go to the wild with irrational evaluation.”

February 15, 2025

RNDR has surged 13.41% over the last 7 days and 8.65% over the last 24 hours.

July 1, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.