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SEC Delays Decision on Franklin Templeton, Grayscale Spot Ethereum ETF Proposals

Mary Liu

Summary: The SEC said in a Tuesday filing that the agency is delaying resolution on the Franklin Ethereum ETF until June 11, 2024, after which it can approve or disapprove or file lawsuits. The SEC also postponed the next resolution deadline for Grayscale’s proposed Ethereum spot ETF to June 23, 2024. Optimism about SEC approval of ...

The SEC said in a Tuesday filing that the agency is delaying resolution on the Franklin Ethereum ETF until June 11, 2024, after which it can approve or disapprove or file lawsuits.

The SEC also postponed the next resolution deadline for Grayscale’s proposed Ethereum spot ETF to June 23, 2024.

Optimism about SEC approval of such products has steadily declined over the past few months. For example, Bloomberg ETF analyst Eric Balchunas lowered his estimate for the likelihood of a spot Ethereum ETF being approved in May from about 70% to 25%.

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