SEC Delays Grayscale Ethereum Futures ETF Application, Delaying Decision to May 30

This site (120BtC.coM): According to a statement released by the U.S. Securities and Exchange Commission (SEC) on Friday, the launch of the Grayscale Ethereum Futures ETF will be postponed again. Approved decision and postponed decision until 5/30. However, the market believes that this may be an important step for Grayscale to promote the Ethereum spot ETF?

SEC Delays Grayscale Ethereum Futures ETF

The SEC has once again postponed its approval resolution for Grayscale Ethereum futures, announcing that it will make a decision before May 30. The SEC stated in its statement that the extension of the decision period is to ensure that the Commission has sufficient time to carefully consider and resolve the issues raised.

There were rumors a few days ago that the SEC was investigating the Ethereum Foundation, which may be related to the delay in the evaluation of Ethereum futures and spot ETFs.

Haidu has other intentions?

Bloomberg analyst James pointed out that Grayscale’s application for an Ethereum futures ETF is intended to provide support for the approval of an Ethereum spot ETF. Grayscale hopes to take this opportunity to observe the SEC’s attitude and assessment of Ethereum, which may have an impact on the approval process of spot ETFs.

Whether the Ethereum Futures ETF passes or not, it will actually be detrimental to the SEC.

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