US SEC Delays Decision on Multiple Ethereum ETFs, What’s Next?
In the recent filing, the US SEC stated that they are still considering on whether these Ethereum ETFs should be listed.
In the recent filing, the US SEC stated that they are still considering on whether these Ethereum ETFs should be listed.
With the mass adoption of digital assets in the United States, notable presidential candidates have shown support for the blockchain and crypto asset industries.
Experts continue to speculate on what the SEC’s next course of action regarding crypto-based ETF applications could be.
As of late October, the SEC is reportedly reviewing eight to ten potential spot Bitcoin spot ETF filings.
With the US SEC opting not to appeal the Grayscale Investments case, amid ongoing application amendments, experts believe the approval of spot Bitcoin ETF is a matter of when and not if.
The SEC enforcement chief stated that the agency’s interest in crypto goes much beyond the high-profile cases with a number of DeFi businesses on its radar.
Former chief of SEC office of Internet enforcement John Reed Stark argued that the rare move by the agency could spell criminal investigation for Binance and the accused persons.
For many in the crypto industry, this approval signifies a notable regulatory achievement for both the company and the broader crypto landscape due to the ongoing legal battle between the exchange and the US SEC.
The United States Securities and Exchange Commission has announced an extension of the numerous pending Bitcoin Exchange-Traded Fund approvals decision until 2024.
Grayscale noted that the US SEC should maintain an equitable stand while approving the Bitcoin ETFs without any participant getting greater preference over the other.