Published on November 17, 2023 16:51 GMT+00:00edited on November 17, 2023 16:54 GMT+00:00

The Securities and Exchange Commission delayed making a decision this week on whether to approve the Hashdex Nasdaq Ethereum ETF, which wants to hold both spot ether and futures contracts. 

The SEC said it needed more time to take action on the change and said it would make a decision on whether to approve, disapprove or "institute proceedings to determine whether to disapprove," by Jan 1, 2024. On Thursday, the agency also delayed a decision on whether to convert an application for a Hashdex bitcoin futures ETF application. 

"The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein," the SEC said in a filing dated …