The Securities and Exchange Commission is delaying a decision on whether to approve or disapprove the Grayscale Ethereum Trust's spot exchange-traded fund. 

The SEC said it was extending its timeline for a decision on the proposed fund by 45 days to Jan. 25, according to a filing on Tuesday. 

"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.

"As expected @Grayscale's Ethereum trust filing just got delayed," Bloomberg Intelligence analyst James Seyffart wrote on X. "It was due by 12/6/23 so this is completely normal."

Recent delays

The SEC also recently delayed a decision on the proposed …