Posted 1/25/2024, 5:22:00 PM
SEC Delays Decisions on Ethereum Spot ETF Applications from Grayscale and BlackRock
- SEC delayed decisions on Grayscale and BlackRock spot Ethereum ETF applications
- SEC has historically opposed spot crypto ETFs, only recently approving Bitcoin ones
- Delay is unsurprising; issuers may need to address outstanding SEC questions
- New SEC filings raise questions about similarity of Ethereum vs. Bitcoin ETFs
- Other questions focus on market manipulation, futures market correlation, size