SEC delays decision on Grayscale’s proposal for spot Ethereum ETF again, with order to institute proceedings and seek public comment | Headlines | News | CoinMarketCap
01/26/2024 00:40
The Securities and Exchange Commission has again delayed its decision timeline on a proposal from Grayscale Investments for a spot Ethereum ETF, with …
The Block20 minutes ago
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Published on January 25, 2024 17:19 GMT+00:00edited on January 25, 2024 17:24 GMT+00:00
The Securities and Exchange Commission has again delayed its decision timeline on a proposal from Grayscale Investments for a spot Ethereum ETF, with a Thursday order to institute proceedings and solicit fresh public comment.
The SEC specifically asked whether Ethereum's proof of stake mechanism and "concentration of control or influence by a few individuals or entities" could bring up unique concerns to make the fund susceptible to fraud and manipulation.
The agency also posed questions about Ethereum futures products in its filing. Comments are due in 21 days with a rebuttal period that lasts 35 days, the SEC said.
The regulator first delayed its decision on the proposal on Dec. 5.
Additional delays
The agency has also delayed making decisions for other …