Postponed to January next year
On the 5th, the US SEC postponed its decision on Grayscale’s application to list the virtual currency spot Ethereum ETF. The SEC is not expected to approve the Bitcoin/Ethereum ETF application this year.
The SEC has delayed its decision on Grayscale’s Ethereum ETF listing application, which would convert the existing Grayscale Ethereum investment trust into an ETF, until January 25 next year.
Grayscale is not the only company currently applying to list an Ethereum ETF. Fidelity and BlackRock are also filing applications, and just last week the SEC began soliciting public comments on Fidelity’s application to list Ethereum as an ETF.
connection:Learn about Bitcoin ETFs from the beginning: Explaining the advantages and disadvantages of investing and how to buy US stocks
About Bitcoin ETF
The odds are now high that the SEC will approve a Bitcoin ETF, and the price of Bitcoin is reflecting that expectation.
Ark’s application is likely to be approved first, but on Monday it was revealed that leading candidates BlackRock and Bitwise had resubmitted revised versions of their applications (form S-1) to the SEC. Given the timing of the resubmission, some ETF experts seem to believe that discussions between the company and the SEC will lead to final approval.
connection: BlackRock and others submit revised version of Bitcoin ETF application, expectations rise for simultaneous SEC approval