Posted 1/25/2024, 7:45:30 PM
SEC Delays Decision on Grayscale Ethereum Trust ETF Conversion Despite Bitcoin Progress
- SEC delays decision on Grayscale's application to convert its Ethereum Trust to a spot ETH ETF
- This follows similar delays for BlackRock and Fidelity's proposed spot Ethereum ETFs
- Spot Ethereum ETFs would allow exposure to ETH without needing to self-custody
- Grayscale previously won legal battle against SEC over Bitcoin Trust ETF conversion denial
- Recent Bitcoin ETF approvals have renewed optimism for potential spot Ethereum ETF