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The US Securities and Exchange Commission (SEC) delayed the decision date for the Grayscale Investments ethereum Spot ETF by 45 days, to January 25, 2024.
According The documentThe Commission may designate such a longer period if it considers appropriate and will publish the reasons for its conclusion or if the self-regulatory organization gives its consent.
“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.”
SEC statement
Bloomberg Intelligence analyst James Seyffart said the delay was expected and “completely normal.”
In November, representatives from the agency's trading and markets department met with Grayscale Investments staff to review the proposed conversion of Grayscale's publicly traded bitcoin Trust into a bitcoin spot ETF. The meeting was attended by David Shillman, deputy director of the SEC's Division of Trading and Markets, which oversees the U.S. equity, options and fixed income markets.
In November, the SEC also postponed its decision on Hashdex's application to launch a bitcoin spot ETF until January 1, 2024. At the same time, the Commission also postponed its decision on Grayscale's application to launch a bitcoin-based ETF. in ethereum futures.
