The U.S. Securities and Exchange Commission (SEC) has delayed its decision on spot Ethereum exchange-traded funds (ETFs) again. The SEC needs more time to evaluate proposals and gather public feedback to determine if they align with the Securities Exchange Act’s guidelines. This affects a proposal submitted by NYSE American LLC, Grayscale, and Bitwise, aiming to list products like the Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust.
The SEC is also considering allowing options trading for BlackRock’s iShares Ethereum Trust (ETHA). This delay may create uncertainty for Ethereum investors, but it potentially shows that Ethereum is maturing as an asset class and could lead to more institutional and retail investors participating in the market.
Additionally, the SEC’s cautious approach may set a precedent for other digital assets seeking ETF approval.
