SEC Delays Decision on Grayscale Ethereum Futures ETF to May, Adding Pressure to Ethereum Price

The SEC delayed its decision on Grayscale's Ethereum futures ETF application until May 30th. This is the agency's standard 180 day review period.

Bitcoin and Ethereum ETFs allow investors to gain crypto exposure without directly holding the assets. Grayscale's application is for an Ethereum futures ETF.

In January, the SEC approved several Bitcoin ETFs but delayed decisions on spot Ethereum ETF applications from Grayscale and others.

Some say the delay will allow more adoption of Bitcoin ETFs before introducing Ethereum options.

The SEC's inaction adds pressure to Ethereum's price, which is down 10% for the week.