The SEC has once again postponed its decision on the Grayscale Ethereum spot ETF proposal to solicit public opinion

2024-01-26 08:44:58

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ChainCatcher News, the U.S. Securities and Exchange Commission has once again postponed the decision timeline for the Grayscale Investments Ethereum spot ETF proposal and issued an order on Thursday to solicit public comments on how to proceed with the proposed Grayscale Ethereum Trust. The SEC specifically inquired about Ethereum's proof-of-stake mechanism and whether the "concentration of control or influence among a small number of individuals or entities" could raise unique concerns that make the fund susceptible to fraud and manipulation. The agency also raised questions about Ethereum futures products in its filing. The SEC stated that comments will be submitted within 21 days, with a rebuttal period of 35 days.

It is reported that the regulatory body first delayed its decision on the proposal on December 5.

In response, Bloomberg Intelligence ETF analyst James Seyffart stated that delays for the spot Ethereum ETF may continue. Seyffart mentioned earlier this week on X: "Delays for the Ethereum spot ETF will continue to occur occasionally in the coming months. The next important date is May 23."

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SEC Grayscale Ethereum Spot ETF ETF

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