Published on September 28, 2023 13:00 GMT+00:00edited on September 28, 2023 13:04 GMT+00:00

In a recent development, the US Securities and Exchange Commission (SEC) has further dampened the mood in the crypto community following its decision to postpone two Spot Ethereum ETF applications. 

The SEC’s Announcement

In two separate releases, the Commission announced that it was delaying its decision on the proposed rule change by the Cboe BZX Exchange to list and trade the shares of the VanEck Ethereum ETF and ARK 21Shares Ethereum ETF.  

This decision comes just a day after the Commission announced extending the deadline to decide on ARK Invest’s Spot Bitcoin ETF application to January 10, 2024. A decision on ARK 21Shares Bitcoin ETF wasn’t due until November 11. 

Similarly, the SEC delayed these pending ETH ETF applications weeks before the November 10 and …