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SEC Delays Decision On Grayscale Spot Ethereum ETF Proposal
Summary: The SEC has once again postponed a decision on the Grayscale Ethereum Trust’s proposal to convert into a spot Ethereum ETF and is seeking new public comments. The agency also raised questions about Ethereum futures products in its filing, specifically whether Ethereum's proof-of-stake mechanism and “the control or influence of a small number of individuals ...
The SEC has once again postponed a decision on the Grayscale Ethereum Trust’s proposal to convert into a spot Ethereum ETF and is seeking new public comments.
The agency also raised questions about Ethereum futures products in its filing, specifically whether Ethereum's proof-of-stake mechanism and “the control or influence of a small number of individuals or entities” make the fund vulnerable to fraud and manipulation. The SEC said the public has 21 days to submit comments and the rebuttal period will last 35 days.
The SEC had postponed its resolution on the proposal on December 5.
Tags: Grayscale,SEC,Spot Ethereum ETF
Link: SEC Delays Decision On Grayscale Spot Ethereum ETF Proposal [Copy]
