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The U.S. Securities and Exchange Commission has delayed a decision on the Grayscale Ethereum futures exchange-traded fund (ETF). Grayscale Investments filed to the Wall Street regulator back in September, which would allow investors to buy shares that bet on the future price of Ethereum (ETH). The SEC said that it would delay the decision, as they regularly extend the period it has to give decisions on crypto products. There are currently a number of spot Bitcoin ETF applications waiting for approval. Lots of high-profile Wall Street firms have applied to the regulator to release their own product. Ethereum futures ETF first started trading in the U.S. last month. Grayscale has clashed with the SEC over its application to turn its Grayscale Bitcoin Trust into an ETF, and filed in October to turn its Ethereum trust into an ETF. Analysts at Bloomberg Intelligence have since said there is a 90% chance the U.S. market will have a Bitcoin ETF by January 10. This news is good for those who are looking to invest in Ethereum futures, as the SEC can now take more time to consider the decision carefully. #Ethereum #ETF #Grayscale #SEC #Crypto
You can read more about this topic here: Decrypt: SEC Needs More Time on Grayscale Ethereum Futures ETF
